ISE FX Swiss Franc: under pressure.

By IBTimes Staff Reporter | August 10 2010 8:50 AM

Update on supports and resistances.Resistance3 : 112Resistance2 : 109Resistance1 : 107Last Price : 105.97Pivot Point: 107Support1 : 102Support2 : 100Support3 : 98.4Pivot: 107Our 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 has rebounded on its support and is challenging its new resistance.112109107105.97 (last)10210098.4*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

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