USD/CHF may fall 23 - 38 pips

Pivot

0.8590

Our preference

Short positions below 0.8590 with targets at 0.8545 & 0.8530 in extension.

Alternative scenario

Above 0.8590 look for further upside with 0.8610 & 0.8625 as targets.

Comment

The break below 0.8590 is a negative signal that has opened a path to 0.8545.

Supports and resistances

0.8625

0.8610

0.8590

0.8568 Last

0.8545

0.8530

0.8510

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