ISE FX Swiss Franc: under pressure.

By IBTimes Staff Reporter | July 30 2010 11:50 AM

Update on supports and resistances.Resistance3 : 112Resistance2 : 109Resistance1 : 107Last Price : 104.5Pivot Point: 107Support1 : 103.7Support2 : 102Support3 : 100Pivot: 107Our preference: Short positions below 107 with targets @ 103.7 & 102 in extension.Alternative scenario: Above 107 look for further upside with 109 & 112 as targets.Comment: the RSI has broken below its rising trend line.112109107104.5 (last)103.7102100*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

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