Update on supports and resistances.
Resistance3 : 114.75
Resistance2 : 111
Resistance1 : 108
Last Price : 105.25
Pivot Point: 108
Support1 : 102.5
Support2 : 100
Support3 : 98.25
Our preference: Short positions below 108 with targets @ 102.5 & 100 in extension.
Alternative scenario: Above 108 look for further upside with 111 & 114.75 as targets.
Comment: a key declining trend line maintains downward pressure.
*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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