USD/CHF may rise 23 - 34 pips

0.8558 is our pivot point.

Our preference

Rise to 0.8607.

Alternative scenario

Below 0.8558, expect 0.8540 and 0.8530.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8572 and 0.8570).

Supports and resistances

0.8627 **

0.8617 *

0.8607 **

0.8596

0.8573 last

0.8565

0.8558 **

0.8540 *

0.8530 **

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