USD/CHF may rise 22 - 47 pips

Pivot

0.8490

Our preference

Long positions above 0.8490 with targets at 0.8535 & 0.8560 in extension.

Alternative scenario

Below 0.8490 look for further downside with 0.8470 & 0.8450 as targets.

Comment

A support base at 0.8490 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8580

0.8560

0.8535

0.8513 Last

0.8490

0.8470

0.8450

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