Update on supports and resistances.

Resistance3 : 117.5
Resistance2 : 114.75
Resistance1 : 111.3
Last Price : 107.62
Pivot Point: 111.3
Support1 : 104
Support2 : 100
Support3 : 97.5

Pivot: 111.3

Our preference: Short positions below 111.3 with targets @ 104 & 100 in extension.

Alternative scenario: Above 111.3 look for further upside with 114.75 & 117.5 as targets.

Comment: the pair is on the downside and is challenging its support, the RSI is still capped by a declining trend line.

117.5
114.75
111.3
107.62 (last)
104
100
97.5



*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