USD/CHF may rise 25 - 40 pips

Pivot

0.9010

Our preference

Long positions above 0.9010 with targets at 0.9050 & 0.9065 in extension.

Alternative scenario

Below 0.9010 look for further downside with 0.8985 & 0.8970 as targets.

Comment

The break above the resistance at 0.9010 triggered an upward acceleration to 0.9050.

Supports and resistances

0.9075

0.9065

0.9050

0.9025 Last

0.9010

0.8985

0.8970

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