USD/CHF may fall 14 - 29 pips

Pivot

0.8465

Our preference

Short positions below 0.8465 with targets at 0.8435 & 0.8420 in extension.

Alternative scenario

Above 0.8465 look for further upside with 0.8480 & 0.8495 as targets.

Comment

As long as 0.8465 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8495

0.8480

0.8465

0.8449 Last

0.8435

0.8420

0.8405

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