USD/CHF may fall 34 - 59 pips

Pivot

0.8630

Our preference

Short positions below 0.8630 with targets at 0.8570 & 0.8545 in extension.

Alternative scenario

Above 0.8630 look for further upside with 0.8655 & 0.8680 as targets.

Comment

As long as the resistance at 0.8630 is not surpassed, the risk of the break below 0.8570 remains high.

Supports and resistances

0.8680

0.8655

0.8630

0.8604 Last

0.8570

0.8545

0.8520

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