USD/CHF may fall 20 - 40 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

As long as the resistance at 0.8640 is not surpassed, the risk of the break below 0.8600 remains high.

Supports and resistances

0.8675

0.8655

0.8640

0.8620 Last

0.8600

0.8580

0.8560

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