USD/CHF may rise 24 - 35 pips

Our pivot point is at 0.9120.

Our preference

The upside prevails as long as 0.9120 is support.

Alternative scenario

Below 0.9120, expect 0.9101 and 0.9090.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.9130 and 0.9126).

Supports and resistances

0.9192 **

0.9181 *

0.9170 **

0.9159

0.9135 last

0.9127

0.9120 **

0.9101 *

0.9090 **

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