USD/CHF may fall 16 - 31 pips

Pivot

0.9000

Our preference

Short positions below 0.9000 with targets at 0.8970 & 0.8955 in extension.

Alternative scenario

Above 0.9000 look for further upside with 0.9015 & 0.9035 as targets.

Comment

As long as 0.9000 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9035

0.9015

0.9000

0.8986 Last

0.8970

0.8955

0.8940

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