Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 118.15
Resistance1 : 113.85
Last Price : 109.8
Pivot Point: 113.85
Support1 : 107
Support2 : 102
Support3 : 94

Pivot: 113.85

Our preference: Short positions below 113.85 with targets @ 107 & 102 in extension.

Alternative scenario: Above 113.85 look for further upside with 118.15 & 122.5 as targets.

Comment: the RSI has just banged against its neutrality area at 50% and is reversing down.

122.5
118.15
113.85
109.8 (last)
107
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