USD/CHF may fall 29 - 49 pips

Pivot

0.8655

Our preference

Short positions below 0.8655 with targets at 0.8600 & 0.8580 in extension.

Alternative scenario

Above 0.8655 look for further upside with 0.8675 & 0.8695 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

0.8695

0.8675

0.8655

0.8629 Last

0.8600

0.8580

0.8560

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