Update on supports and resistances.

Resistance3 : 127.25
Resistance2 : 125.15
Resistance1 : 121
Last Price : 116.7
Pivot Point: 121
Support1 : 114.65
Support2 : 109.9
Support3 : 108.3

Pivot: 121

Our preference: Short positions below 121 with targets @ 114.65 & 109.9 in extension.

Alternative scenario: Above 121 look for further upside with 125.15 & 127.25 as targets.

Comment: The RSI is badly directed, the pair stands within a bearish channel and is challenging its strong support.

127.25
125.15
121
116.7 (last)
114.65
109.9
108.3



*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