USD/CHF may fall 23 - 38 pips

Pivot

0.8475

Our preference

Short positions below 0.8475 with targets at 0.8430 & 0.8415 in extension.

Alternative scenario

Above 0.8475 look for further upside with 0.8490 & 0.8505 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

0.8505

0.8490

0.8475

0.8453 Last

0.8430

0.8415

0.8400

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