USD/CHF may fall 28 - 53 pips

Pivot

0.8730

Our preference

Short positions below 0.8730 with targets at 0.8675 & 0.8650 in extension.

Alternative scenario

Above 0.8730 look for further upside with 0.8755 & 0.8775 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.8775

0.8755

0.8730

0.8703 Last

0.8675

0.8650

0.8600

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