ISE FX Swiss Franc* ST: the downside prevails.

 @ibtimes
on October 02 2009 9:50 AM

Update on supports and resistances.Resistance3 : 110Resistance2 : 108Resistance1 : 106Last Price : 103.76Pivot Point: 106Support1 : 101.3Support2 : 99Support3 : 97.3Pivot: 106Our 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.110108106103.76 (last)101.39997.3*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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