USD/CHF may rise 29 - 44 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 lacks downward momentum.

Supports and resistances

0.9040

0.9020

0.9005

0.8976 Last

0.8960

0.8940

0.8925

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