ISE FX Swiss Franc: continuation of the rebound.

 @ibtimes
on January 28 2010 11:20 AM

Update on supports and resistances.Resistance3 : 112.75Resistance2 : 110.25Resistance1 : 108Last Price : 105.4Pivot Point: 101.25Support1 : 101.25Support2 : 99.5Support3 : 97.3Pivot: 101.25Our preference: Long positions above 101.25 with targets @ 108 & 110.25 in extension.Alternative scenario: Below 101.25 look for further downside with 99.5 & 97.3 as targets.Comment: the RSI advocates for further advance.112.75110.25108105.4 (last)101.2599.597.3*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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