USD/CHF may rise 24 - 34 pips

0.8641 is our pivot point.

Our preference

The upside prevails as long as 0.8641 is support.

Alternative scenario

The downside breakout of 0.8641 would call for 0.8624 and 0.8613.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8648 and 0.8649).

Supports and resistances

0.8710 **

0.8699 *

0.8689 **

0.8679

0.8655 last

0.8648

0.8641 **

0.8624 *

0.8613 **

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