Update on supports and resistances.

Resistance3 : 112
Resistance2 : 109
Resistance1 : 107
Last Price : 103.97
Pivot Point: 107
Support1 : 102
Support2 : 100
Support3 : 98.4

Pivot: 107

Our preference: Short positions below 107 with targets @ 102 & 100 in extension.

Alternative scenario: Above 107 look for further upside with 109 & 112 as targets.

Comment: the pair and its daily RSI have broken below their rising trend lines and remain under pressure.

112
109
107
103.97 (last)
102
100
98.4



*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