Update on supports and resistances.

Resistance3 : 134
Resistance2 : 127.5
Resistance1 : 120
Last Price : 111
Pivot Point: 120
Support1 : 105
Support2 : 102
Support3 : 94

Pivot: 120

Our preference: Short positions below 120 with targets @ 105 & 102 in extension.

Alternative scenario: Above 120 look for further upside with 127.5 & 134 as targets.

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

134
127.5
120
111 (last)
105
102
94



*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