USD/CHF may fall 25 - 40 pips

Pivot

0.8680

Our preference

Short positions below 0.8680 with targets at 0.8645 & 0.8630 in extension.

Alternative scenario

Above 0.8680 look for further upside with 0.8695 & 0.8710 as targets.

Comment

As long as 0.8680 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8710

0.8695

0.8680

0.8670 Last

0.8645

0.8630

0.8610

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