USD/CHF may fall 39 - 54 pips

Pivot

0.8665

Our preference

Short positions below 0.8665 with targets at 0.8615 & 0.8600 in extension.

Alternative scenario

Above 0.8665 look for further upside with 0.8695 & 0.8710 as targets.

Comment

As long as the resistance at 0.8665 is not surpassed, the risk of the break below 0.8615 remains high.

Supports and resistances

0.8710

0.8695

0.8665

0.8654 Last

0.8615

0.8600

0.8565

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