Update on supports and resistances.

Resistance3 : 117.5
Resistance2 : 114.75
Resistance1 : 111
Last Price : 107.5
Pivot Point: 104.5
Support1 : 104.5
Support2 : 102.5
Support3 : 100

Pivot: 104.5

Our preference: Long positions above 104.5 with targets @ 111 & 114.75 in extension.

Alternative scenario: Below 104.5 look for further downside with 102.5 & 100 as targets.

Comment: both the pair and the RSI have broken above a key resistance area.

117.5
114.75
111
107.5 (last)
104.5
102.5
100



*USD/CAD Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the CANADIAN DOLLAR. For details go to www.ise.com