USD/CHF may rise 23 - 43 pips

Pivot

0.8890

Our preference

Long positions above 0.8890 with targets at 0.8930 & 0.8950 in extension.

Alternative scenario

Below 0.8890 look for further downside with 0.8865 & 0.8840 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.8970

0.8950

0.8930

0.8907 Last

0.8890

0.8865

0.8840

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