USD/CHF may rise 25 - 40 pips

Pivot

0.8635

Our preference

Long positions above 0.8635 with targets at 0.8680 & 0.8695 in extension.

Alternative scenario

Below 0.8635 look for further downside with 0.8620 & 0.8605 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.8710

0.8695

0.8680

0.8655 Last

0.8635

0.8620

0.8605

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