ISE FX Swiss Franc: continuation of the rebound.

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Update on supports and resistances.

Resistance3 : 116
Resistance2 : 112.75
Resistance1 : 110.25
Last Price : 107.98
Pivot Point: 105
Support1 : 105
Support2 : 101.25
Support3 : 99.5

Pivot: 105

Our preference: Long positions above 105 with targets @ 110.25 & 112.75 in extension.

Alternative scenario: Below 105 look for further downside with 101.25 & 99.5 as targets.

Comment: the pair is on the upside and is challenging its resistance.

116
112.75
110.25
107.98 (last)
105
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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