USD/CHF may rise 7 - 22 pips

Pivot

0.8900

Our preference

Long positions above 0.8900 with targets at 0.8925 & 0.8940 in extension.

Alternative scenario

Below 0.8900 look for further downside with 0.8885 & 0.8870 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

0.8955

0.8940

0.8925

0.8918 Last

0.8900

0.8885

0.8870

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