Update on supports and resistances.

Resistance3 : 125.15
Resistance2 : 122
Resistance1 : 120
Last Price : 114.5
Pivot Point: 112.5
Support1 : 112.5
Support2 : 108.7
Support3 : 105.5

Pivot: 112.5

Our preference: Long positions above 112.5 with targets @ 120 & 122 in extension.

Alternative scenario: Below 112.5 look for further downside with 108.7 & 105.5 as targets.

Comment: a key rising trend line should favour a recovery.

125.15
122
120
114.5 (last)
112.5
108.7
105.5



*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