USD/CHF may fall 29 - 54 pips

Pivot

0.8710

Our preference

Short positions below 0.8710 with targets at 0.8645 & 0.8620 in extension.

Alternative scenario

Above 0.8710 look for further upside with 0.8730 & 0.8750 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.8750

0.8730

0.8710

0.8674 Last

0.8645

0.8620

0.8600

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