Update on supports and resistances.

Resistance3 : 121.25
Resistance2 : 118
Resistance1 : 115
Last Price : 109.55
Pivot Point: 115
Support1 : 108.7
Support2 : 105.5
Support3 : 103

Pivot: 115

Our preference: Short positions below 115 with targets @ 108.7 & 105.5 in extension.

Alternative scenario: Above 115 look for further upside with 118 & 121.25 as targets.

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

121.25
118
115
109.55 (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