USD/CHF may fall 18 - 38 pips

Pivot

0.8845

Our preference

Short positions below 0.8845 with targets at 0.8800 & 0.8780 in extension.

Alternative scenario

Above 0.8845 look for further upside with 0.8860 & 0.8875 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.8875

0.8860

0.8845

0.8818 Last

0.8800

0.8780

0.8760

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