Swiss Franc: Continuation Of The Rebound
Update on supports and resistances.
| Resistance3: | 112.75 |
| Resistance2: | 110.25 |
| Resistance1: | 108 |
| Last: | 107.17 |
| Pivot: | 104 |
| Support1: | 104 |
| Support2: | 101.25 |
| Support3: | 99.5 |
Our preference: Long positions above 104 with targets @ 108 & 110.25 in extension.
Alternative scenario: Below 104 look for further downside with 101.25 & 99.5 as targets.
Comment: the RSI advocates for further advance.
112.75
110.25
108
107.17 (last)
104
101.25
99.5
*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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