USD/CHF may rise 22 - 32 pips

0.8558 is our pivot point.

Our preference

Our next up target stands at 0.8605.

Alternative scenario

Below 0.8558, expect 0.8540 and 0.8530.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8572 and 0.8569).

Supports and resistances

0.8626 **

0.8616 *

0.8605 **

0.8595

0.8573 last

0.8565

0.8558 **

0.8540 *

0.8530 **

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