USD/CHF may rise 19 - 34 pips

Pivot

0.8645

Our preference

Long positions above 0.8645 with targets at 0.8675 & 0.8690 in extension.

Alternative scenario

Below 0.8645 look for further downside with 0.8625 & 0.8610 as targets.

Comment

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

Supports and resistances

0.8705

0.8690

0.8675

0.8656 Last

0.8645

0.8625

0.8610

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