USD/CHF may fall 16 - 31 pips

Pivot

0.8685

Our preference

Short positions below 0.8685 with targets at 0.8645 & 0.8630 in extension.

Alternative scenario

Above 0.8685 look for further upside with 0.8700 & 0.8715 as targets.

Comment

As long as 0.8685 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8715

0.8700

0.8685

0.8661 Last

0.8645

0.8630

0.8615

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