USD/CHF may rise 31 - 51 pips

Pivot

0.8407

Our preference

Long positions above 0.8407 with targets at 0.8460 & 0.8480 in extension.

Alternative scenario

Below 0.8407 look for further downside with 0.8390 & 0.8370 as targets.

Comment

A support base at 0.8407 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8500

0.8480

0.8460

0.8429 Last

0.8407

0.8390

0.8370

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