Resistance 3: 1.0450

Resistance 2: 1.0420

Resistance 1: 1.0380

Latest New York: 1.0373

Support 1: 1.0320/30

Support 2: 1.0300

Support 3: 1.0270/80

Other Things to Watch/Open Trades/News

SHORT USD/CHF 1.0380 Stops @ 1.0480

Aggressive traders can sell 103.70/80 area and

hold over the weekend (Higher risk so trade accordingly)


Rate clears stops above near-term resistance. Rate now at very top of range; look for

a sell-off from here but news is needed. Pullback was bought after the fix on Friday

and the rate is firm now for a test of the 104.30/40 area again.

Test of the lower range now expected if rate can fail again at resistance.

Expect a bounce from 1.0250 now so be nimble though as a break below there likely

to draw aggressive selling. Rate has set up to attract dip buying so we need to see if

that is a head-fake. Need a failure at 1.0420 near-term to go short in my view.

No follow-through is to be respected; look for offers to show up higher than the1.0400

handle now that the bounce followed through higher.

Data due Wednesday All times EASTERN (-5 GMT)

5:30am CHF Leading Index m/m 1.46 1.54

Analysis by: written by Jason Alan Jankovsky


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