ISE FX Swiss Franc: the upside prevails.

By Trading Central
12 March 2010 @ 09:20 am EDT

Update on supports and resistances.

Resistance3 : 112.75
Resistance2 : 110.25
Resistance1 : 108.75
Last Price : 106.02
Pivot Point: 105
Support1 : 105
Support2 : 101.25
Support3 : 99.5

Pivot: 105

Our preference: Long positions above 105 with targets @ 108.75 & 110.25 in extension.

Alternative scenario: Below 105 look for further downside with 101.25 & 99.5 as targets.

Comment: the pair has struck against its resistance and is pulling back on its support ahead of a rebound.

112.75
110.25
108.75
106.02 (last)
105
101.25
99.5



*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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