USD/CHF Index: Turning Down.

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USD/CHF Index: Turning Down.

By Trading Central on March 19, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	122.5
Resistance2:	119
Resistance1:	115
Last:	112.73
Pivot:	115
Support1:	111
Support2:	108
Support3:	104

Pivot: 115

Our preference: Short positions below 115 with targets @ 111 & 108 in extension.

Alternative scenario: Above 115 look for further upside with 119 & 122.5 as targets.

Comment: the pair is breaking below its support and remains under pressure, the RSI is bearish.

122.5
119
115
112.73 (last)
111
108
104

*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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