USD/CHF may fall 8 - 28 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

A break below 0.8450 would trigger a drop towards 0.8430.

Supports and resistances

0.8540

0.8520

0.8500

0.8458 Last

0.8450

0.8430

0.8410

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