USD/CHF may fall 43 - 73 pips

Pivot

0.8625

Our preference

Short positions below 0.8625 with targets at 0.8530 & 0.8500 in extension.

Alternative scenario

Above 0.8625 look for further upside with 0.8655 & 0.8680 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.8680

0.8655

0.8625

0.8573 Last

0.8530

0.8500

0.8480

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