USD/CHF may fall 15 - 30 pips

Pivot

0.9035

Our preference

Short positions below 0.9035 with targets at 0.8985 & 0.8970 in extension.

Alternative scenario

Above 0.9035 look for further upside with 0.9050 & 0.9065 as targets.

Comment

As long as 0.9035 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9065

0.9050

0.9035

0.9000 Last

0.8985

0.8970

0.8950

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