USD/CHF may fall 26 - 46 pips

Pivot

0.9040

Our preference

Short positions below 0.9040 with targets at 0.8980 & 0.8960 in extension.

Alternative scenario

Above 0.9040 look for further upside with 0.9065 & 0.9090 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.9090

0.9065

0.9040

0.9006 Last

0.8980

0.8960

0.8940

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