USD/CHF may rise 30 - 50 pips

Pivot

0.8855

Our preference

Long positions above 0.8855 with targets at 0.8915 & 0.8935 in extension.

Alternative scenario

Below 0.8855 look for further downside with 0.8835 & 0.8815 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.8955

0.8935

0.8915

0.8885 Last

0.8855

0.8835

0.8815

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