Update on supports and resistances.

Resistance3 : 127.5
Resistance2 : 122.5
Resistance1 : 118.15
Last Price : 111.1
Pivot Point: 106.3
Support1 : 106.3
Support2 : 102
Support3 : 94

Pivot: 106.3

Our preference: Long positions above 106.3 with targets @ 118.15 & 122.5 in extension.

Alternative scenario: Below 106.3 look for further downside with 102 & 94 as targets.

Comment: the pair is shaping a rounding bottom which calls for a bounce.

127.5
122.5
118.15
111.1 (last)
106.3
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