USD/CHF may rise 16 - 31 pips

Pivot

0.8885

Our preference

Long positions above 0.8885 with targets at 0.8915 & 0.8930 in extension.

Alternative scenario

Below 0.8885 look for further downside with 0.8870 & 0.8855 as targets.

Comment

A support base at 0.8885 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8945

0.8930

0.8915

0.8899 Last

0.8885

0.8870

0.8855

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