USD/CHF may fall 36 - 66 pips

Pivot

0.8805

Our preference

Short positions below 0.8805 with targets at 0.8735 & 0.8705 in extension.

Alternative scenario

Above 0.8805 look for further upside with 0.8830 & 0.8855 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.8855

0.8830

0.8805

0.8771 Last

0.8735

0.8705

0.8685

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