USD/CHF may rise 25 - 40 pips

Pivot

0.8960

Our preference

Long positions above 0.8960 with targets at 0.9005 & 0.9020 in extension.

Alternative scenario

Below 0.8960 look for further downside with 0.8940 & 0.8925 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

0.9040

0.9020

0.9005

0.8980 Last

0.8960

0.8940

0.8925

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