Update on supports and resistances.

Resistance3 : 125
Resistance2 : 121.25
Resistance1 : 118.2
Last Price : 111.5
Pivot Point: 118.2
Support1 : 108.7
Support2 : 105.5
Support3 : 103

Pivot: 118.2

Our preference: Short positions below 118.2 with targets @ 108.7 & 105.5 in extension.

Alternative scenario: Above 118.2 look for further upside with 121.25 & 125 as targets.

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

125
121.25
118.2
111.5 (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