USD/CHF may rise 13 - 28 pips

Pivot

0.8630

Our preference

Long positions above 0.8630 with targets at 0.8670 & 0.8685 in extension.

Alternative scenario

Below 0.8630 look for further downside with 0.8615 & 0.8600 as targets.

Comment

A support base at 0.8630 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8700

0.8685

0.8670

0.8657 Last

0.8630

0.8615

0.8600

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