ISE FX Swiss Franc: the upside prevails.

 @ibtimes
on May 10 2010 9:20 AM

Update on supports and resistances.Resistance3 : 119Resistance2 : 116Resistance1 : 112.75Last Price : 110.28Pivot Point: 108Support1 : 108Support2 : 105Support3 : 101.25Pivot: 108Our preference: Long positions above 108 with targets @ 112.75 & 116 in extension.Alternative scenario: Below 108 look for further downside with 105 & 101.25 as targets.Comment: the RSI is supported by a rising trend line, the pair has broken above its resistance and should post a further advance.119116112.75110.28 (last)108105101.25*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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