Forex

USD/CHF may rise to 0.8726 - 0.8760

2024-10-16

Pivot

0.8330

Our preference

Long positions above 0.8330 with targets at 0.8726 & 0.8760 in extension.

Alternative scenario

Below 0.8330 look for further downside with 0.8120 & 0.8000 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

0.8920

0.8760

0.8726

0.8623 Last

0.8330

0.8120

0.8000

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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