USD/CHF may fall 18 - 38 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

As long as the resistance at 0.8665 is not surpassed, the risk of the break below 0.8630 remains high.

Supports and resistances

0.8695

0.8680

0.8665

0.8648 Last

0.8630

0.8610

0.8590

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