Members login
Swiss Franc: Under Pressure 06/10/2010
Written by article default Wednesday, 06 October 2010 20:39
Update on supports and resistances.
Pivot: 102.5
Our preference: Short positions below 102.5 with targets @ 96 & 94.25 in extension.
Alternative scenario: Above 102.5 look for further upside with 105 & 107 as targets.
Comment: the pair has broken below its previous low and remains under pressure.
107
105
102.5
96.15 (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.