USD/CHF may fall 20 - 45 pips

Pivot

0.8695

Our preference

Short positions below 0.8695 with targets at 0.8645 & 0.8620 in extension.

Alternative scenario

Above 0.8695 look for further upside with 0.8710 & 0.8730 as targets.

Comment

As long as the resistance at 0.8695 is not surpassed, the risk of the break below 0.8645 remains high.

Supports and resistances

0.8730

0.8710

0.8695

0.8665 Last

0.8645

0.8620

0.8600

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