USD/CHF may fall 17 - 47 pips

Pivot

0.8540

Our preference

Short positions below 0.8540 with targets at 0.8490 & 0.8460 in extension.

Alternative scenario

Above 0.8540 look for further upside with 0.8560 & 0.8580 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.8580

0.8560

0.8540

0.8507 Last

0.8490

0.8460

0.8430

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