USD/CHF may rise 23 - 38 pips

Pivot

0.8790

Our preference

Long positions above 0.8790 with targets at 0.8830 & 0.8845 in extension.

Alternative scenario

Below 0.8790 look for further downside with 0.8775 & 0.8760 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.8860

0.8845

0.8830

0.8807 Last

0.8790

0.8775

0.8760

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