USD/CHF may rise 18 - 33 pips

Pivot

0.8660

Our preference

Long positions above 0.8660 with targets at 0.8685 & 0.8700 in extension.

Alternative scenario

Below 0.8660 look for further downside with 0.8645 & 0.8630 as targets.

Comment

A support base at 0.8660 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8730

0.8700

0.8685

0.8667 Last

0.8660

0.8645

0.8630

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