ISE FX Swiss Franc: bullish bias above 102.

 @ibtimes
on December 29 2009 9:20 AM

Update on supports and resistances.Resistance3 : 110.5Resistance2 : 108Resistance1 : 106Last Price : 103.05Pivot Point: 102Support1 : 102Support2 : 99.5Support3 : 97.3Pivot: 102Our 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.110.5108106103.05 (last)10299.597.3*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

Share this article

More News from IBT MEDIA