Update on supports and resistances.

Resistance3 : 134
Resistance2 : 127.5
Resistance1 : 121.5
Last Price : 112.2
Pivot Point: 121.5
Support1 : 111
Support2 : 105
Support3 : 102

Pivot: 121.5

Our preference: Short positions below 121.5 with targets @ 111 & 105 in extension.

Alternative scenario: Above 121.5 look for further upside with 127.5 & 134 as targets.

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

134
127.5
121.5
112.2 (last)
111
105
102



*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