USD/CHF may rise 20 - 35 pips

Pivot

0.8560

Our preference

Long positions above 0.8560 with targets at 0.8600 & 0.8615 in extension.

Alternative scenario

Below 0.8560 look for further downside with 0.8540 & 0.8525 as targets.

Comment

A support base at 0.8560 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8630

0.8615

0.8600

0.8580 Last

0.8560

0.8540

0.8525

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