USD/CHF may rise 30 - 40 pips

Pivot

0.8605

Our preference

Long positions above 0.8605 with targets at 0.8640 & 0.8650 in extension.

Alternative scenario

Below 0.8605 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

0.8650

0.8640

0.8610 Last

0.8605

0.8580

0.8560

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