USD/CHF may rise 22 - 42 pips

Pivot

0.8845

Our preference

Long positions above 0.8845 with targets at 0.8895 & 0.8915 in extension.

Alternative scenario

Below 0.8845 look for further downside with 0.8825 & 0.8805 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.8940

0.8915

0.8895

0.8873 Last

0.8845

0.8825

0.8805

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