Update on supports and resistances.

Resistance3 : 122.5
Resistance2 : 119
Resistance1 : 116
Last Price : 112.77
Pivot Point: 116
Support1 : 111.5
Support2 : 108
Support3 : 104

Pivot: 116

Our preference: Short positions below 116 with targets @ 111.5 & 108 in extension.

Alternative scenario: Above 116 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
116
112.77 (last)
111.5
108
104



*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