Update on supports and resistances.

Resistance3 : 110.5
Resistance2 : 108
Resistance1 : 106
Last Price : 104.36
Pivot Point: 102
Support1 : 102
Support2 : 99.5
Support3 : 97.3

Pivot: 102

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.

110.5
108
106
104.36 (last)
102
99.5
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