USD/CHF may rise 24 - 39 pips

Pivot

0.8695

Our preference

Long positions above 0.8695 with targets at 0.8735 & 0.8750 in extension.

Alternative scenario

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

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.8765

0.8750

0.8735

0.8711 Last

0.8695

0.8670

0.8645

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