USD/CHF may rise 14 - 29 pips

Pivot

0.8945

Our preference

Long positions above 0.8945 with targets at 0.8970 & 0.8985 in extension.

Alternative scenario

Below 0.8945 look for further downside with 0.8930 & 0.8915 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9000

0.8985

0.8970

0.8956 Last

0.8945

0.8930

0.8915

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