Update on supports and resistances.

Resistance3 : 122
Resistance2 : 120
Resistance1 : 117.5
Last Price : 112.25
Pivot Point: 117.5
Support1 : 108.7
Support2 : 105.5
Support3 : 103

Pivot: 117.5

Our preference: Short positions below 117.5 with targets @ 108.7 & 105.5 in extension.

Alternative scenario: Above 117.5 look for further upside with 120 & 122 as targets.

Comment: the pair is pushing below a rising trend line.

122
120
117.5
112.25 (last)
108.7
105.5
103



*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