USD/CHF may rise 43 - 63 pips

Pivot

0.8460

Our preference

Long positions above 0.8460 with targets at 0.8530 & 0.8550 in extension.

Alternative scenario

Below 0.8460 look for further downside with 0.8440 & 0.8420 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.8580

0.8550

0.8530

0.8487 Last

0.8460

0.8440

0.8420

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