USD/CHF may rise 29 - 49 pips

Pivot

0.8695

Our preference

Long positions above 0.8695 with targets at 0.8745 & 0.8765 in extension.

Alternative scenario

Below 0.8695 look for further downside with 0.8670 & 0.8645 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

0.8785

0.8765

0.8745

0.8716 Last

0.8695

0.8670

0.8645

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