USD/CHF may rise 31 - 46 pips

Pivot

0.8550

Our preference

Long positions above 0.8550 with targets at 0.8605 & 0.8620 in extension.

Alternative scenario

Below 0.8550 look for further downside with 0.8525 & 0.8500 as targets.

Comment

The break above 0.8550 is a positive signal that has opened a path to 0.8605.

Supports and resistances

0.8640

0.8620

0.8605

0.8574 Last

0.8550

0.8525

0.8500

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