USD/CHF may fall 23 - 43 pips

Pivot

0.8545

Our preference

Short positions below 0.8545 with targets at 0.8500 & 0.8480 in extension.

Alternative scenario

Above 0.8545 look for further upside with 0.8570 & 0.8590 as targets.

Comment

As long as the resistance at 0.8545 is not surpassed, the risk of the break below 0.8500 remains high.

Supports and resistances

0.8590

0.8570

0.8545

0.8523 Last

0.8500

0.8480

0.8460

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