USD/CHF may fall 35 - 75 pips

Pivot

0.8600

Our preference

Short positions below 0.8600 with targets at 0.8500 & 0.8460 in extension.

Alternative scenario

Above 0.8600 look for further upside with 0.8635 & 0.8670 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.8670

0.8635

0.8600

0.8535 Last

0.8500

0.8460

0.8420

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