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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 |
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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