USD/CHF may fall 25 - 45 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

As long as 0.8500 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8540

0.8520

0.8500

0.8475 Last

0.8450

0.8430

0.8420

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