USD/CHF may fall 24 - 49 pips

Pivot

0.8460

Our preference

Short positions below 0.8460 with targets at 0.8425 & 0.8400 in extension.

Alternative scenario

Above 0.8460 look for further upside with 0.8475 & 0.8495 as targets.

Comment

As long as 0.8460 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8495

0.8475

0.8460

0.8449 Last

0.8425

0.8400

0.8375

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