USD/CHF may fall 28 - 53 pips

Pivot

0.8770

Our preference

Short positions below 0.8770 with targets at 0.8700 & 0.8675 in extension.

Alternative scenario

Above 0.8770 look for further upside with 0.8805 & 0.8835 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

0.8835

0.8805

0.8770

0.8728 Last

0.8700

0.8675

0.8650

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