USD/CHF may rise 26 - 37 pips

0.8559 is our pivot point.

Our preference

The upside prevails as long as 0.8559 is support.

Alternative scenario

Below 0.8559, expect 0.8542 and 0.8531.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8564 and 0.8549).

Supports and resistances

0.8631 **

0.8621 *

0.8611 **

0.8600

0.8574 last

0.8566

0.8559 **

0.8542 *

0.8531 **

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