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Swiss Franc: Rebound

By Trading Central on July 2, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:116
Resistance2:113
Resistance1:110
Last:108.46
Pivot:106
Support1:106
Support2:104
Support3:101.3
Pivot: 106

Our preference: Long positions above 106 with targets @ 110 & 113 in extension.

Alternative scenario: Below 106 look for further downside with 104 & 101.3 as targets.

Comment: the pair is rebounding on its support and is approaching its resistance.

116
113
110
108.46 (last)
106
104
101.3

*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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