Update on supports and resistances.
Resistance3 : 122.5
Resistance2 : 118.15
Resistance1 : 112.5
Last Price : 109.12
Pivot Point: 112.5
Support1 : 105.5
Support2 : 102
Support3 : 94
Our preference: Short positions below 112.5 with targets @ 105.5 & 102 in extension.
Alternative scenario: Above 112.5 look for further upside with 118.15 & 122.5 as targets.
Comment: the RSI is mixed and calls for caution.
*USD/AUD Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the AUSTRALIAN DOLLAR. For details go to www.ise.com
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