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Swiss Franc: Continuation Of The Rebound

By Trading Central on | More Posts By | Author's Website

Update on supports and resistances.

Resistance3:116
Resistance2:112.75
Resistance1:110.25
Last:107.78
Pivot:105
Support1:105
Support2:101.25
Support3:99.5
Pivot: 105

Our preference: Long positions above 105 with targets @ 110.25 & 112.75 in extension.

Alternative scenario: Below 105 look for further downside with 101.25 & 99.5 as targets.

Comment: the pair is on the upside and is challenging its resistance.

116
112.75
110.25
107.78 (last)
105
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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