Update on supports and resistances.
Resistance3:
108.5
Resistance2:
104
Resistance1:
101.65
Last:
98.37
Pivot:
101.65
Support1:
96.7
Support2:
94.55
Support3:
93
Pivot: 101.65
Our preference: Short positions below 101.65 with targets @ 96.7 & 94.55 in extension.
Alternative scenario: Above 101.65 look for further upside with 104 & 108.5 as targets.
Comment: the RSI is mixed and calls for caution.
108.5
104
101.65
98.37 (last)
96.7
94.55
93
*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
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