USD/CHF may fall 14 - 29 pips

Pivot

0.8435

Our preference

Short positions below 0.8435 with targets at 0.8400 & 0.8385 in extension.

Alternative scenario

Above 0.8435 look for further upside with 0.8450 & 0.8465 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.8465

0.8450

0.8435

0.8414 Last

0.8400

0.8385

0.8370

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