USD/CHF may rise 11 - 26 pips

Pivot

0.8555

Our preference

Long positions above 0.8555 with targets at 0.8585 & 0.8600 in extension.

Alternative scenario

Below 0.8555 look for further downside with 0.8540 & 0.8525 as targets.

Comment

A support base at 0.8555 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8615

0.8600

0.8585

0.8574 Last

0.8555

0.8540

0.8525

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