USD/CHF may rise 22 - 37 pips

Pivot

0.8600

Our preference

Long positions above 0.8600 with targets at 0.8640 & 0.8655 in extension.

Alternative scenario

Below 0.8600 look for further downside with 0.8580 & 0.8560 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.8670

0.8655

0.8640

0.8618 Last

0.8600

0.8580

0.8560

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