Update on supports and resistances.
Resistance3 : 110.5
Resistance2 : 108
Resistance1 : 106
Last Price : 104.98
Pivot Point: 102
Support1 : 102
Support2 : 99.5
Support3 : 97.3
Our preference: Long positions above 102 with targets @ 106 & 108 in extension.
Alternative scenario: Below 102 look for further downside with 99.5 & 97.3 as targets.
Comment: the pair has broken above its ST bearish channel upper boundary and is approaching its resistance.
*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
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