USD/CHF may fall 25 - 50 pips

Pivot

0.8635

Our preference

Short positions below 0.8635 with targets at 0.8570 & 0.8545 in extension.

Alternative scenario

Above 0.8635 look for further upside with 0.8660 & 0.8680 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.8680

0.8660

0.8635

0.8595 Last

0.8570

0.8545

0.8520

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