USD/CHF may fall 18 - 28 pips

Pivot

0.8655

Our preference

Short positions below 0.8655 with targets at 0.8620 & 0.8610 in extension.

Alternative scenario

Above 0.8655 look for further upside with 0.8670 & 0.8685 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.8685

0.8670

0.8655

0.8638 Last

0.8620

0.8610

0.8605

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