USD/CHF may fall 21 - 31 pips

0.8461 is our pivot point.

Our preference

As long as 0.8461 is resistance look for 0.8416.

Alternative scenario

Above 0.8461, look for 0.8478 and 0.8488.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (0.8443) but under its 50 period moving average (0.8453).

Supports and resistances

0.8488 **

0.8478 *

0.8461 **

0.8454

0.8447 last

0.8426

0.8416 **

0.8405 *

0.8395 **

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