ISE FX Swiss Franc* ST: the downside prevails.

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Update on supports and resistances.

Resistance3 : 110
Resistance2 : 108
Resistance1 : 106
Last Price : 103.76
Pivot Point: 106
Support1 : 101.3
Support2 : 99
Support3 : 97.3

Pivot: 106

Our preference: Short positions below 106 with targets @ 101.3 & 99 in extension.

Alternative scenario: Above 106 look for further upside with 108 & 110 as targets.

Comment: the pair is rebounding but should be capped by its new resistance on the upside.

110
108
106
103.76 (last)
101.3
99
97.3

*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

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