USD/CHF may fall 12 - 32 pips

Pivot

0.9040

Our preference

Short positions below 0.9040 with targets at 0.9000 & 0.8980 in extension.

Alternative scenario

Above 0.9040 look for further upside with 0.9055 & 0.9070 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.9070

0.9055

0.9040

0.9012 Last

0.9000

0.8980

0.8965

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