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Swiss Franc: Under Pressure 22/09/2010
Written by article default Wednesday, 22 September 2010 14:29
Update on supports and resistances.
Pivot: 103
Our preference: Short positions below 103 with targets @ 98.4 & 96 in extension.
Alternative scenario: Above 103 look for further upside with 105 & 107 as targets.
Comment: the RSI is badly directed, the pair remains under pressure and is breaking below its previous low.
107
105
103
98.96 (last)
98.4
96
94.25
*USD/CHF Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the SWISS FRANC.