Update on supports and resistances.

Resistance3 : 110.5
Resistance2 : 108
Resistance1 : 105.1
Last Price : 103.51
Pivot Point: 101
Support1 : 101
Support2 : 99.5
Support3 : 97.3

Pivot: 101

Our 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 is rebounding on its support and should post a further up move.

110.5
108
105.1
103.51 (last)
101
99.5
97.3



*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