ISE FX Swiss Franc: continuation of the rebound.

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Update on supports and resistances.

Resistance3 : 112.75
Resistance2 : 110.25
Resistance1 : 108
Last Price : 107.17
Pivot Point: 104
Support1 : 104
Support2 : 101.25
Support3 : 99.5

Pivot: 104

Our preference: Long positions above 104 with targets @ 108 & 110.25 in extension.

Alternative scenario: Below 104 look for further downside with 101.25 & 99.5 as targets.

Comment: the RSI advocates for further advance.

112.75
110.25
108
107.17 (last)
104
101.25
99.5

*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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