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 0.9040 is resistance, look for choppy price action with a bearish bias.

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.