USD/CHF may fall 22 - 42 pips

Pivot

0.8500

Our preference

Short positions below 0.8500 with targets at 0.8460 & 0.8440 in extension.

Alternative scenario

Above 0.8500 look for further upside with 0.8520 & 0.8545 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.8500.

Supports and resistances

0.8545

0.8520

0.8500

0.8482 Last

0.8460

0.8440

0.8420

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