USD/CHF Index: Further Advance.

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USD/CHF Index: Further Advance.

By Trading Central on March 12, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	126.05
Resistance2:	122.5
Resistance1:	120
Last:	118.99
Pivot:	116
Support1:	116
Support2:	113
Support3:	111

Pivot: 116

Our preference: Long positions above 116 with targets @ 120 & 122.5 in extension.

Alternative scenario: Below 116 look for further downside with 113 & 111 as targets.

Comment: the pair has rebounded on its support and is breaking above its resistance, the RSI is turning up.

126.05
122.5
120
118.99 (last)
116
113
111

*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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