USD/CHF may fall 32 - 77 pips

Pivot

0.8610

Our preference

Short positions below 0.8610 with targets at 0.8545 & 0.8500 in extension.

Alternative scenario

Above 0.8610 look for further upside with 0.8625 & 0.8655 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.8655

0.8625

0.8610

0.8577 Last

0.8545

0.8500

0.8470

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