Update on supports and resistances.

Resistance3 : 142.75
Resistance2 : 137.6
Resistance1 : 130
Last Price : 123.45
Pivot Point: 130
Support1 : 117.5
Support2 : 113.5
Support3 : 111.25

Pivot: 130

Our preference: Short positions below 130 with targets @ 117.5 & 113.5 in extension.

Alternative scenario: Above 130 look for further upside with 137.6 & 142.75 as targets.

Comments: the immediate trend remains down and the momentum is strong.

142.75
137.6
130
123.45 (last)
117.5
113.5
111.25



*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