Update on supports and resistances.

Resistance3 : 116
Resistance2 : 113
Resistance1 : 110
Last Price : 108.53
Pivot Point: 106
Support1 : 106
Support2 : 104
Support3 : 101.3

Pivot: 106

Our preference: Long positions above 106 with targets @ 110 & 113 in extension.

Alternative scenario: Below 106 look for further downside with 104 & 101.3 as targets.

Comment: the pair is rebounding on its support and is approaching its resistance.

116
113
110
108.53 (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