USD/CHF may rise 24 - 34 pips

0.8639 is our pivot point.

Our preference

The upside prevails as long as 0.8639 is support.

Alternative scenario

The downside breakout of 0.8639 would call for 0.8622 and 0.8611.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8635 and 0.8613).

Supports and resistances

0.8710 **

0.8700 *

0.8689 **

0.8679

0.8655 last

0.8646

0.8639 **

0.8622 *

0.8611 **

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