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Swiss Franc: Under Pressure 03/10/2010
Written by article default Sunday, 03 October 2010 03:19
Update on supports and resistances.
Pivot: 103
Our preference: Short positions below 103 with targets @ 96 & 94.25 in extension.
Alternative scenario: Above 103 look for further upside with 105 & 107 as targets.
Comment: the pair has broken below its previous low and remains under pressure.
107
105
103
97.82 (last)
96
94.25
92.3
*USD/CHF Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the SWISS FRANC.