USD/CHF may rise 17 - 32 pips

Pivot

0.8930

Our preference

Long positions above 0.8930 with targets at 0.8970 & 0.8985 in extension.

Alternative scenario

Below 0.8930 look for further downside with 0.8915 & 0.8900 as targets.

Comment

A support base at 0.8930 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9000

0.8985

0.8970

0.8953 Last

0.8930

0.8915

0.8900

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