ISE FX Swiss Franc: rebound in sight.

 @ibtimes
on January 15 2010 12:20 PM

Update on supports and resistances.Resistance3 : 110.5Resistance2 : 108Resistance1 : 105.1Last Price : 102.65Pivot 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 completed its pull back. A bounce is now expected.110.5108105.1102.65 (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

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