Update on supports and resistances.

Resistance3 : 117.5
Resistance2 : 114.75
Resistance1 : 110.5
Last Price : 106.8
Pivot Point: 103
Support1 : 103
Support2 : 100
Support3 : 97.5

Pivot: 103

Our preference: Long positions above 103 with targets @ 110.5 & 114.75 in extension.

Alternative scenario: Below 103 look for further downside with 100 & 97.5 as targets.

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

117.5
114.75
110.5
106.8 (last)
103
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