USD/CHF may fall 25 - 65 pips

Pivot

0.8490

Our preference

Short positions below 0.8490 with targets at 0.8420 & 0.8380 in extension.

Alternative scenario

Above 0.8490 look for further upside with 0.8520 & 0.8545 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

0.8545

0.8520

0.8490

0.8445 Last

0.8420

0.8380

0.8330

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