USD/CHF may fall 12 - 32 pips

Pivot

0.9055

Our preference

Short positions below 0.9055 with targets at 0.9020 & 0.9000 in extension.

Alternative scenario

Above 0.9055 look for further upside with 0.9075 & 0.9100 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.9100

0.9075

0.9055

0.9032 Last

0.9020

0.9000

0.8985

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