USD/CHF may fall 35 - 95 pips

Pivot

0.8575

Our preference

Short positions below 0.8575 with targets at 0.8460 & 0.8400 in extension.

Alternative scenario

Above 0.8575 look for further upside with 0.8615 & 0.8665 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.8665

0.8615

0.8575

0.8495 Last

0.8460

0.8400

0.8370

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