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Swiss Franc: Key ST Resistance At 110
By Trading Central on August 11, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 116 |
| Resistance2: | 113 |
| Resistance1: | 110 |
| Last: | 108.31 |
| Pivot: | 110 |
| Support1: | 105.8 |
| Support2: | 103.7 |
| Support3: | 101.3 |
Our preference: Short positions below 110 with targets @ 105.8 & 103.7 in extension.
Alternative scenario: Above 110 look for further upside with 113 & 116 as targets.
Comment: the pair is rebounding but should be capped by its strong resistance.
116
113
110
108.31 (last)
105.8
103.7
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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