USD/CHF may rise 16 - 31 pips

Pivot

0.9005

Our preference

Long positions above 0.9005 with targets at 0.9055 & 0.9070 in extension.

Alternative scenario

Below 0.9005 look for further downside with 0.8980 & 0.8955 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

0.9095

0.9070

0.9055

0.9039 Last

0.9005

0.8980

0.8955

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