Update on supports and resistances.

Resistance3 : 134
Resistance2 : 127.5
Resistance1 : 122
Last Price : 115.71
Pivot Point: 122
Support1 : 113.5
Support2 : 110
Support3 : 105

Pivot: 122

Our preference: Short positions below 122 with targets @ 113.5 & 110 in extension.

Alternative scenario: Above 122 look for further upside with 127.5 & 134 as targets.

Comment: the RSI remains capped by a MT declining trend line, the pair has broken below its support.

134
127.5
122
115.71 (last)
113.5
110
105



*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