Update on supports and resistances.

Resistance3 : 116
Resistance2 : 113
Resistance1 : 111.5
Last Price : 108.58
Pivot Point: 111.5
Support1 : 106
Support2 : 104
Support3 : 101.3

Pivot: 111.5

Our preference: Short positions below 111.5 with targets @ 106 & 104 in extension.

Alternative scenario: Above 111.5 look for further upside with 113 & 116 as targets.

Comment: the pair has struck against its bearish channel upper boundary and should reach its next support.

116
113
111.5
108.58 (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