ISE FX Canadian Dollar: bounce.

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Update on supports and resistances.

Resistance3 : 114.75
Resistance2 : 111.25
Resistance1 : 108
Last Price : 105.6
Pivot Point: 102.5
Support1 : 102.5
Support2 : 100
Support3 : 97.6

Pivot: 102.5

Our preference: Long positions above 102.5 with targets @ 108 & 111.25 in extension.

Alternative scenario: Below 102.5 look for further downside with 100 & 97.6 as targets.

Comment: intraday technical indicators are mixed and call for caution.

114.75
111.25
108
105.6 (last)
102.5
100
97.6

*USD/CAD Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the CANADIAN DOLLAR. For details go to www.ise.com

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