USD/CHF may fall 16 - 36 pips

Pivot

0.8640

Our preference

Short positions below 0.8640 with targets at 0.8600 & 0.8580 in extension.

Alternative scenario

Above 0.8640 look for further upside with 0.8655 & 0.8675 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.8675

0.8655

0.8640

0.8616 Last

0.8600

0.8580

0.8560

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