USD/CHF may rise 18 - 43 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

The RSI lacks downward momentum.

Supports and resistances

0.8580

0.8560

0.8535

0.8517 Last

0.8490

0.8470

0.8450

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