Update on supports and resistances.

Resistance3 : 125
Resistance2 : 122.5
Resistance1 : 119
Last Price : 116.28
Pivot Point: 113
Support1 : 113
Support2 : 111.5
Support3 : 108

Pivot: 113

Our preference: Long positions above 113 with targets @ 119 & 122.5 in extension.

Alternative scenario: Below 113 look for further downside with 111.5 & 108 as targets.

Comment: the RSI is breaking above its declining trend line, the pair should reach its next resistance.

125
122.5
119
116.28 (last)
113
111.5
108



*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