Forex

USD/CHF may fall 21 - 36 pips

2024-08-29

Pivot

0.8430

Our preference

Short positions below 0.8430 with targets at 0.8385 & 0.8370 in extension.

Alternative scenario

Above 0.8430 look for further upside with 0.8450 & 0.8465 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.8465

0.8450

0.8430

0.8406 Last

0.8385

0.8370

0.8355

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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