USD/CHF may rise 24 - 39 pips

Pivot

0.8975

Our preference

Long positions above 0.8975 with targets at 0.9010 & 0.9025 in extension.

Alternative scenario

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

Comment

A support base at 0.8975 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9040

0.9025

0.9010

0.8986 Last

0.8975

0.8955

0.8940

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