Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 119
Resistance1 : 117
Last Price : 114.67
Pivot Point: 113
Support1 : 113
Support2 : 111.5
Support3 : 108

Pivot: 113

Our preference: Long positions above 113 with targets @ 117 & 119 in extension.

Alternative scenario: Below 113 look for further downside with 111.5 & 108 as targets.

Comment: the pair is rebounding on its rising trend line, the RSI is turning up.

122.5
119
117
114.67 (last)
113
111.5
108



*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