ISE FX Swiss Franc: the downside prevails.

By Trading Central
19 November 2009 @ 09:50 am EDT

Update on supports and resistances.

Resistance3 : 108
Resistance2 : 106
Resistance1 : 103.5
Last Price : 101.7
Pivot Point: 103.5
Support1 : 100.3
Support2 : 99
Support3 : 97.3

Pivot: 103.5

Our preference: Short positions below 103.5 with targets @ 100.3 & 99 in extension.

Alternative scenario: Above 103.5 look for further upside with 106 & 108 as targets.

Comment: the pair is rebounding on its support but should be capped by its next resistance.

108
106
103.5
101.7 (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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