USD/CHF may rise 31 - 61 pips

Pivot

0.8540

Our preference

Long positions above 0.8540 with targets at 0.8620 & 0.8650 in extension.

Alternative scenario

Below 0.8540 look for further downside with 0.8520 & 0.8500 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.8700

0.8650

0.8620

0.8589 Last

0.8540

0.8520

0.8500

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