USD/CHF may fall 16 - 31 pips

Pivot

0.8670

Our preference

Short positions below 0.8670 with targets at 0.8630 & 0.8615 in extension.

Alternative scenario

Above 0.8670 look for further upside with 0.8685 & 0.8700 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

0.8700

0.8685

0.8670

0.8646 Last

0.8630

0.8615

0.8600

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