USD/CHF may rise 17 - 32 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

A support base at 0.8600 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8670

0.8655

0.8640

0.8623 Last

0.8600

0.8580

0.8560

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