USD/CHF may fall 20 - 40 pips

Pivot

0.8500

Our preference

Short positions below 0.8500 with targets at 0.8450 & 0.8430 in extension.

Alternative scenario

Above 0.8500 look for further upside with 0.8520 & 0.8540 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.8540

0.8520

0.8500

0.8470 Last

0.8450

0.8430

0.8410

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