Swiss Franc: Continuation Of The Rebound

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Swiss Franc: Continuation Of The Rebound

By Trading Central on April 23, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	125
Resistance2:	122.5
Resistance1:	119
Last:	116.23
Pivot:	113
Support1:	113
Support2:	111.5
Support3:	108

Pivot: 113

Our preference: Long positions above 113 with targets @ 119 & 122.5 in extension.

Alternative scenario: Below 113 look for further downside with 111.5 & 108 as targets.

Comment: the RSI is breaking above its declining trend line, the pair should reach its next resistance.

125
122.5
119
116.23 (last)
113
111.5
108

*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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