Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 119
Resistance1 : 115
Last Price : 112.75
Pivot Point: 115
Support1 : 111
Support2 : 108
Support3 : 104

Pivot: 115

Our preference: Short positions below 115 with targets @ 111 & 108 in extension.

Alternative scenario: Above 115 look for further upside with 119 & 122.5 as targets.

Comment: the pair is still under pressure and is approaching its next support, the RSI is badly directed.

122.5
119
115
112.75 (last)
111
108
104



*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