USD/CHF may fall 21 - 41 pips

Pivot

0.8440

Our preference

Short positions below 0.8440 with targets at 0.8390 & 0.8370 in extension.

Alternative scenario

Above 0.8440 look for further upside with 0.8460 & 0.8480 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.8480

0.8460

0.8440

0.8411 Last

0.8390

0.8370

0.8350

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