Update on supports and resistances.

Resistance3 : 113
Resistance2 : 110
Resistance1 : 108
Last Price : 104.49
Pivot Point: 108
Support1 : 103.7
Support2 : 101.3
Support3 : 99

Pivot: 108

Our preference: Short positions below 108 with targets @ 103.7 & 101.3 in extension.

Alternative scenario: Above 108 look for further upside with 110 & 113 as targets.

Comment: the pair has broken below its support and should face a further weakness as the RSI is badly directed.

113
110
108
104.49 (last)
103.7
101.3
99



*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