USD/CHF may fall 20 - 70 pips

Pivot

0.8540

Our preference

Short positions below 0.8540 with targets at 0.8490 & 0.8440 in extension.

Alternative scenario

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

Comment

As long as the resistance at 0.8540 is not surpassed, the risk of the break below 0.8490 remains high.

Supports and resistances

0.8580

0.8560

0.8540

0.8510 Last

0.8490

0.8440

0.8415

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