Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 119
Resistance1 : 117
Last Price : 113.74
Pivot Point: 117
Support1 : 113
Support2 : 111.5
Support3 : 108

Pivot: 117

Our preference: Short positions below 117 with targets @ 113 & 111.5 in extension.

Alternative scenario: Above 117 look for further upside with 119 & 122.5 as targets.

Comment: the pair is breaking below its flag lower boundary as the RSI is badly directed.

122.5
119
117
113.74 (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