CAD/CHF may rise 27 - 38 pips

Our pivot point stands at 0.6096.

Our preference

Rebound towards 0.6183.

Alternative scenario

The downside breakout of 0.6096 would call for 0.6077 and 0.6067.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6147 and 0.6199).

Supports and resistances

0.6205 **

0.6194 *

0.6183 **

0.6172

0.6145 last

0.6103

0.6096 **

0.6077 *

0.6067 **

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