ISE FX Swiss Franc: the downside prevails.

By Trading Central
02 November 2009 @ 08:50 am EDT

Update on supports and resistances.

Resistance3 : 108
Resistance2 : 106
Resistance1 : 104.4
Last Price : 102.21
Pivot Point: 104.4
Support1 : 100.3
Support2 : 99
Support3 : 97.3

Pivot: 104.4

Our preference: Short positions below 104.4 with targets @ 100.3 & 99 in extension.

Alternative scenario: Above 104.4 look for further upside with 106 & 108 as targets.

Comment: the pair is rebounding but should be capped by its next resistance, the RSI is turning down.

108
106
104.4
102.21 (last)
100.3
99
97.3



*USD/CHF Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the SWISS FRANC. For details go to www.ise.com

For more forex information go to www.tradingcentral.com

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