Update on supports and resistances.

Resistance3 : 119
Resistance2 : 117
Resistance1 : 114
Last Price : 111.41
Pivot Point: 114
Support1 : 110
Support2 : 108
Support3 : 104

Pivot: 114

Our preference: Short positions below 114 with targets @ 110 & 108 in extension.

Alternative scenario: Above 114 look for further upside with 117 & 119 as targets.

Comment: the pair is rebounding on its support but remains below its resistance, the RSI is capped by a declining trend line.

119
117
114
111.41 (last)
110
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