Update on supports and resistances.

Resistance3 : 121.25
Resistance2 : 117.5
Resistance1 : 112
Last Price : 106.65
Pivot Point: 112
Support1 : 103.5
Support2 : 100
Support3 : 98.25

Pivot: 112

Our preference: Short positions below 112 with targets @ 103.5 & 100 in extension.

Alternative scenario: Above 112 look for further upside with 117.5 & 121.25 as targets.

Comment: the RSI is capped by a bearish trend line.

121.25
117.5
112
106.65 (last)
103.5
100
98.25



*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