USD/CHF may rise 16 - 31 pips

Pivot

0.9005

Our preference

Long positions above 0.9005 with targets at 0.9045 & 0.9060 in extension.

Alternative scenario

Below 0.9005 look for further downside with 0.8990 & 0.8975 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.9080

0.9060

0.9045

0.9029 Last

0.9005

0.8990

0.8975

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