Update on supports and resistances.

Resistance3 : 114.75
Resistance2 : 111
Resistance1 : 109
Last Price : 106
Pivot Point: 109
Support1 : 102.5
Support2 : 100
Support3 : 98.25

Pivot: 109

Our preference: Short positions below 109 with targets @ 102.5 & 100 in extension.

Alternative scenario: Above 109 look for further upside with 111 & 114.75 as targets.

Comment: the pair is reversing down from a declining trend line.

114.75
111
109
106 (last)
102.5
100
98.25



*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