USD/CHF may fall 5 - 20 pips

Pivot

0.9050

Our preference

Short positions below 0.9050 with targets at 0.9030 & 0.9015 in extension.

Alternative scenario

Above 0.9050 look for further upside with 0.9065 & 0.9080 as targets.

Comment

As long as the resistance at 0.9050 is not surpassed, the risk of the break below 0.9030 remains high.

Supports and resistances

0.9080

0.9065

0.9050

0.9035 Last

0.9030

0.9015

0.9000

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