USD/CHF may rise 21 - 51 pips

Pivot

0.8630

Our preference

Long positions above 0.8630 with targets at 0.8690 & 0.8720 in extension.

Alternative scenario

Below 0.8630 look for further downside with 0.8600 & 0.8565 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.8750

0.8720

0.8690

0.8669 Last

0.8630

0.8600

0.8565

Number of asterisks represents the strength of support and resistance levels.