ISE FX Swiss Franc: bullish bias above 102.

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Update on supports and resistances.

Resistance3 : 110.5
Resistance2 : 108
Resistance1 : 106
Last Price : 103.05
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 struck against its new resistance and is pulling back on its new support ahead of a rebound.

110.5
108
106
103.05 (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

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