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USD/CHF Index: The Downside Prevails.
By Trading Central on April 8, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 122.5 |
| Resistance2: | 119 |
| Resistance1: | 115 |
| Last: | 114.56 |
| Pivot: | 115 |
| Support1: | 111 |
| Support2: | 108 |
| Support3: | 104 |
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 should strike against its resistance as the RSI is turning down.
122.5
119
115
114.56 (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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