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Swiss Franc: Under Pressure 07/10/2010
Written by article default Thursday, 07 October 2010 09:45
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
96.75 (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.