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Swiss Franc: Rebound
By Trading Central on July 8, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 116 |
| Resistance2: | 113 |
| Resistance1: | 110 |
| Last: | 108.89 |
| Pivot: | 106 |
| Support1: | 106 |
| Support2: | 104 |
| Support3: | 101.3 |
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
108.89 (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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