USD/CHF may fall 16 - 36 pips

Pivot

0.8665

Our preference

Short positions below 0.8665 with targets at 0.8630 & 0.8610 in extension.

Alternative scenario

Above 0.8665 look for further upside with 0.8680 & 0.8695 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.8695

0.8680

0.8665

0.8646 Last

0.8630

0.8610

0.8590

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