USD/CHF may fall 13 - 38 pips

Pivot

0.8625

Our preference

Short positions below 0.8625 with targets at 0.8570 & 0.8545 in extension.

Alternative scenario

Above 0.8625 look for further upside with 0.8655 & 0.8680 as targets.

Comment

As long as the resistance at 0.8625 is not surpassed, the risk of the break below 0.8570 remains high.

Supports and resistances

0.8680

0.8655

0.8625

0.8583 Last

0.8570

0.8545

0.8520

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