USD/CHF may fall 33 - 53 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

As long as the resistance at 0.9040 is not surpassed, the risk of the break below 0.8980 remains high.

Supports and resistances

0.9090

0.9065

0.9040

0.9013 Last

0.8980

0.8960

0.8940

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