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 0.8960 & 0.8945 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

0.9035

0.9020

0.9005

0.8992 Last

0.8975

0.8960

0.8945

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