ISE FX Swiss Franc: continuation of the rebound.

  @ibtimes on January 22 2010 10:20 AM

Update on supports and resistances.Resistance3 : 110.5Resistance2 : 108Resistance1 : 105.1Last Price : 104.14Pivot Point: 101Support1 : 101Support2 : 99.5Support3 : 97.3Pivot: 101Our preference: Long positions above 101 with targets @ 105.1 & 108 in extension.Alternative scenario: Below 101 look for further downside with 99.5 & 97.3 as targets.Comment: the pair has rebounded on its support and is approaching its resistance.110.5108105.1104.14 (last)10199.597.3*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

Join the Discussion