Swiss Franc: The Downside Prevails
Update on supports and resistances.
| Resistance3: | 108 |
| Resistance2: | 106 |
| Resistance1: | 104.4 |
| Last: | 102.06 |
| Pivot: | 104.4 |
| Support1: | 100.3 |
| Support2: | 99 |
| Support3: | 97.3 |
Our preference: Short positions below 104.4 with targets @ 100.3 & 99 in extension.
Alternative scenario: Above 104.4 look for further upside with 106 & 108 as targets.
Comment: the pair should strike against its resistance as the RSI is turning down.
108
106
104.4
102.06 (last)
100.3
99
97.3
*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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