Update on supports and resistances.

Resistance3 : 121.25
Resistance2 : 118
Resistance1 : 113
Last Price : 108.25
Pivot Point: 113
Support1 : 105.5
Support2 : 103
Support3 : 100

Pivot: 113

Our preference: Short positions below 113 with targets @ 105.5 & 103 in extension.

Alternative scenario: Above 113 look for further upside with 118 & 121.25 as targets.

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

121.25
118
113
108.25 (last)
105.5
103
100



*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