Update on supports and resistances.

Resistance3 : 113
Resistance2 : 111.5
Resistance1 : 109
Last Price : 108.45
Pivot Point: 109
Support1 : 106
Support2 : 104
Support3 : 101.3

Pivot: 109

Our preference: Short positions below 109 with targets @ 106 & 104 in extension.

Alternative scenario: Above 109 look for further upside with 111.5 & 113 as targets.

Comment: the pair remains capped by a declining trend line.

113
111.5
109
108.45 (last)
106
104
101.3



*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