Update on supports and resistances.

Resistance3 : 116
Resistance2 : 113
Resistance1 : 110
Last Price : 108.36
Pivot Point: 110
Support1 : 105.8
Support2 : 103.7
Support3 : 101.3

Pivot: 110

Our preference: Short positions below 110 with targets @ 105.8 & 103.7 in extension.

Alternative scenario: Above 110 look for further upside with 113 & 116 as targets.

Comment: the pair is rebounding but should be capped by its strong resistance.

116
113
110
108.36 (last)
105.8
103.7
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