USD/CHF may fall 49 - 79 pips

Pivot

0.8490

Our preference

Short positions below 0.8490 with targets at 0.8400 & 0.8370 in extension.

Alternative scenario

Above 0.8490 look for further upside with 0.8519 & 0.8540 as targets.

Comment

As long as 0.8490 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8540

0.8519

0.8490

0.8449 Last

0.8400

0.8370

0.8345

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