USD/CHF may fall 34 - 64 pips

Pivot

0.8575

Our preference

Short positions below 0.8575 with targets at 0.8490 & 0.8460 in extension.

Alternative scenario

Above 0.8575 look for further upside with 0.8600 & 0.8625 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

0.8625

0.8600

0.8575

0.8524 Last

0.8490

0.8460

0.8430

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