[table]



[table]


Date: |
2009/08/05 |




Time: |
21:25 (GMT +2) |





Ticker: |
CHF |





Last: |
1.0605 |





Pivot: |
1.0675 |





1st sup. |
1.0565 |




2nd sup. |
1.0515 |




3rd sup. |
1.0475 |






1st res. |
1.0675 |




2nd res. |
1.0725 |




3rd res. |
1.077 |




[/table]
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[table]


[table]


Title: |
USD/CHF intraday: the downside prevails. |




Summary: |
Update on supports and resistances. |




Story: |
Pivot: 1.0675

Our preference: Short positions below 1.0675 with targets @ 1.0565 & 1.0515 in extension.

Alternative scenario: Above 1.0675 look for further upside with 1.0725 & 1.077 as targets.

Comment: the RSI has banged against a major resistance around 70% and is reversing down. |


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[/table]
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