USD/CHF may fall 33 - 63 pips

Pivot

0.8820

Our preference

Short positions below 0.8820 with targets at 0.8750 & 0.8720 in extension.

Alternative scenario

Above 0.8820 look for further upside with 0.8845 & 0.8860 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.8860

0.8845

0.8820

0.8783 Last

0.8750

0.8720

0.8700

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