USD/CHF may rise 11 - 61 pips

Pivot

0.8585

Our preference

Long positions above 0.8585 with targets at 0.8650 & 0.8700 in extension.

Alternative scenario

Below 0.8585 look for further downside with 0.8545 & 0.8520 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.8725

0.8700

0.8650

0.8639 Last

0.8585

0.8545

0.8520

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