USD/CHF may rise to 0.8975 - 0.9050

Pivot

0.8725

Our preference

Long positions above 0.8725 with targets at 0.8975 & 0.9050 in extension.

Alternative scenario

Below 0.8725 look for further downside with 0.8550 & 0.8330 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.9224

0.9050

0.8975

0.8817 Last

0.8725

0.8550

0.8330

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