USD/CHF may fall 16 - 41 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

The RSI is bearish and calls for further decline.

Supports and resistances

0.8680

0.8655

0.8630

0.8586 Last

0.8570

0.8545

0.8520

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