USD/CHF may fall 22 - 42 pips

Pivot

0.8625

Our preference

Short positions below 0.8625 with targets at 0.8580 & 0.8560 in extension.

Alternative scenario

Above 0.8625 look for further upside with 0.8655 & 0.8675 as targets.

Comment

As long as 0.8625 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8675

0.8655

0.8625

0.8602 Last

0.8580

0.8560

0.8510

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