USD/CHF may rise 26 - 36 pips

Our pivot point stands at 0.8452.

Our preference

The upside prevails as long as 0.8452 is support.

Alternative scenario

The downside breakout of 0.8452 would call for 0.8435 and 0.8425.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8455 and 0.8449).

Supports and resistances

0.8526 **

0.8516 *

0.8506 **

0.8496

0.8470 last

0.8459

0.8452 **

0.8435 *

0.8425 **

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