USD/CHF may rise 20 - 35 pips

Pivot

0.8850

Our preference

Long positions above 0.8850 with targets at 0.8875 & 0.8890 in extension.

Alternative scenario

Below 0.8850 look for further downside with 0.8830 & 0.8815 as targets.

Comment

A support base at 0.8850 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8905

0.8890

0.8875

0.8855 Last

0.8850

0.8830

0.8815

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