ISE FX Swiss Franc: the upside prevails.

By IBTimes Staff Reporter | March 25 2010 9:20 AM

Update on supports and resistances.Resistance3 : 112.75Resistance2 : 110.25Resistance1 : 108.75Last Price : 106.91Pivot Point: 105Support1 : 105Support2 : 101.25Support3 : 99.5Pivot: 105Our preference: Long positions above 105 with targets @ 108.75 & 110.25 in extension.Alternative scenario: Below 105 look for further downside with 101.25 & 99.5 as targets.Comment: the pair is rebounding on its bullish channel lower boundary as the RSI is supported by a rising trend line.112.75110.25108.75106.91 (last)105101.2599.5*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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