USD/CHF may rise 16 - 31 pips

Pivot

0.8975

Our preference

Long positions above 0.8975 with targets at 0.9015 & 0.9030 in extension.

Alternative scenario

Below 0.8975 look for further downside with 0.8955 & 0.8940 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

0.9045

0.9030

0.9015

0.8999 Last

0.8975

0.8955

0.8940

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