Update on supports and resistances.
Resistance3:
108.5
Resistance2:
104
Resistance1:
100.65
Last:
97.35
Pivot:
100.65
Support1:
94.55
Support2:
93
Support3:
90.75
Pivot: 100.65
Our preference: Short positions below 100.65 with targets @ 94.55 & 93 in extension.
Alternative scenario: Above 100.65 look for further upside with 104 & 108.5 as targets.
Comment: the RSI is capped by a bearish trend line.
108.5
104
100.65
97.35 (last)
94.55
93
90.75
*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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