Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 119
Resistance1 : 115
Last Price : 110.82
Pivot Point: 115
Support1 : 108
Support2 : 104
Support3 : 101

Pivot: 115

Our preference: Short positions below 115 with targets @ 108 & 104 in extension.

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

Comment: the pair has broken below its flag lower boundary and should face a further weakness, the RSI is badly directed.

122.5
119
115
110.82 (last)
108
104
101



*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