Update on supports and resistances.

Resistance3 : 125
Resistance2 : 121.25
Resistance1 : 117.5
Last Price : 114.1
Pivot Point: 111
Support1 : 111
Support2 : 107.8
Support3 : 104

Pivot: 111

Our preference: Long positions above 111 with targets @ 117.5 & 121.25 in extension.

Alternative scenario: Below 111 look for further downside with 107.8 & 104 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

125
121.25
117.5
114.1 (last)
111
107.8
104



*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