USD/CHF Index: The Upside Prevails

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USD/CHF Index: The Upside Prevails

By Trading Central on February 17, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	126.05
Resistance2:	122.5
Resistance1:	119.05
Last:	117.23
Pivot:	111.8
Support1:	111.8
Support2:	108.4
Support3:	105

Pivot: 111.8

Our preference: Long positions above 111.8 with targets @ 119.05 & 122.5 in extension.

Alternative scenario: Below 111.8 look for further downside with 108.4 & 105 as targets.

Comment: the RSI is bullish, the pair has rebounded on its channel lower boundary.

126.05
122.5
119.05
117.23 (last)
111.8
108.4
105

*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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