USD/CHF may fall 29 - 54 pips

Pivot

0.8700

Our preference

Short positions below 0.8700 with targets at 0.8645 & 0.8620 in extension.

Alternative scenario

Above 0.8700 look for further upside with 0.8715 & 0.8730 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

0.8730

0.8715

0.8700

0.8674 Last

0.8645

0.8620

0.8600

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