ISE FX Swiss Franc: bullish bias above 102.

 @ibtimes
on January 06 2010 10:20 AM

Update on supports and resistances.Resistance3 : 110.5Resistance2 : 108Resistance1 : 106Last Price : 103.26Pivot 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 is pulling back on its new support (former channel upper boundary) ahead of a rebound.110.5108106103.26 (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

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