USD/CHF may fall 24 - 39 pips

Pivot

0.8860

Our preference

Short positions below 0.8860 with targets at 0.8805 & 0.8790 in extension.

Alternative scenario

Above 0.8860 look for further upside with 0.8875 & 0.8890 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.8890

0.8875

0.8860

0.8829 Last

0.8805

0.8790

0.8775

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