USD/CHF may rise 38 - 53 pips

Pivot

0.8800

Our preference

Long positions above 0.8800 with targets at 0.8860 & 0.8875 in extension.

Alternative scenario

Below 0.8800 look for further downside with 0.8785 & 0.8775 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

0.8900

0.8875

0.8860

0.8822 Last

0.8800

0.8785

0.8775

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