USD/CHF may fall 8 - 23 pips

Pivot

0.9040

Our preference

Short positions below 0.9040 with targets at 0.9025 & 0.9010 in extension.

Alternative scenario

Above 0.9040 look for further upside with 0.9050 & 0.9065 as targets.

Comment

As long as the resistance at 0.9040 is not surpassed, the risk of the break below 0.9025 remains high.

Supports and resistances

0.9065

0.9050

0.9040

0.9033 Last

0.9025

0.9010

0.9000

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