USD/CHF may fall to 0.8400 - 0.8540

Pivot

0.8750

Our preference

Short positions below 0.8750 with targets at 0.8540 & 0.8400 in extension.

Alternative scenario

Above 0.8750 look for further upside with 0.8920 & 0.9010 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances

0.9010

0.8920

0.8750

0.8678 Last

0.8540

0.8400

0.8120

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