USD/CHF may fall 7 - 17 pips

Pivot

0.8985

Our preference

Short positions below 0.8985 with targets at 0.8965 & 0.8955 in extension.

Alternative scenario

Above 0.8985 look for further upside with 0.9005 & 0.9020 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

0.9020

0.9005

0.8985

0.8972 Last

0.8965

0.8955

0.8945

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