USD/CHF may fall 16 - 36 pips

Pivot

0.9055

Our preference

Short positions below 0.9055 with targets at 0.9020 & 0.9000 in extension.

Alternative scenario

Above 0.9055 look for further upside with 0.9075 & 0.9100 as targets.

Comment

As long as the resistance at 0.9055 is not surpassed, the risk of the break below 0.9020 remains high.

Supports and resistances

0.9100

0.9075

0.9055

0.9036 Last

0.9020

0.9000

0.8985

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