USD/CHF may rise 13 - 28 pips

Pivot

0.8975

Our preference

Long positions above 0.8975 with targets at 0.9005 & 0.9020 in extension.

Alternative scenario

Below 0.8975 look for further downside with 0.8965 & 0.8955 as targets.

Comment

The break above the resistance at 0.8975 triggered an upward acceleration to 0.9005.

Supports and resistances

0.9035

0.9020

0.9005

0.8992 Last

0.8975

0.8965

0.8955

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