USD/CHF may rise 23 - 38 pips

Pivot

0.8580

Our preference

Long positions above 0.8580 with targets at 0.8625 & 0.8640 in extension.

Alternative scenario

Below 0.8580 look for further downside with 0.8565 & 0.8550 as targets.

Comment

The break above 0.8580 is a positive signal that has opened a path to 0.8625.

Supports and resistances

0.8655

0.8640

0.8625

0.8602 Last

0.8580

0.8565

0.8550

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