Update on supports and resistances.

Resistance3 : 117
Resistance2 : 114
Resistance1 : 111
Last Price : 106.7
Pivot Point: 111
Support1 : 106
Support2 : 104
Support3 : 101

Pivot: 111

Our preference: Short positions below 111 with targets @ 106 & 104 in extension.

Alternative scenario: Above 111 look for further upside with 114 & 117 as targets.

Comment: the pair remains badly directed and is capped by a declining trend line.

117
114
111
106.7 (last)
106
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