USD/CHF may rise 55 - 80 pips

Pivot

0.8600

Our preference

Long positions above 0.8600 with targets at 0.8700 & 0.8725 in extension.

Alternative scenario

Below 0.8600 look for further downside with 0.8585 & 0.8545 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.8755

0.8725

0.8700

0.8645 Last

0.8600

0.8585

0.8545

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