USD/CHF may rise 28 - 39 pips

Our pivot point stands at 0.8842.

Our preference

The upside prevails as long as 0.8842 is support.

Alternative scenario

Below 0.8842, expect 0.8824 and 0.8813.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8849 and 0.8838).

Supports and resistances

0.8918 **

0.8907 *

0.8896 **

0.8885

0.8857 last

0.8849

0.8842 **

0.8824 *

0.8813 **

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