Update on supports and resistances.

Resistance3 : 119
Resistance2 : 117
Resistance1 : 114
Last Price : 109.76
Pivot Point: 114
Support1 : 108
Support2 : 104
Support3 : 101

Pivot: 114

Our preference: Short positions below 114 with targets @ 108 & 104 in extension.

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

Comment: the pair has struck against its new resistance (former support) and should face a further down move.

119
117
114
109.76 (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