USD/CHF may rise 22 - 33 pips

0.8882 is our pivot point.

Our preference

As long as 0.8882 is support look for 0.8929.

Alternative scenario

Below 0.8882, expect 0.8863 and 0.8853.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8893 and 0.8886).

Supports and resistances

0.8951 **

0.8940 *

0.8929 **

0.8918

0.8896 last

0.8889

0.8882 **

0.8863 *

0.8853 **

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