USD/CHF may fall 13 - 28 pips

Pivot

0.8670

Our preference

Short positions below 0.8670 with targets at 0.8645 & 0.8630 in extension.

Alternative scenario

Above 0.8670 look for further upside with 0.8685 & 0.8700 as targets.

Comment

As long as 0.8670 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8700

0.8685

0.8670

0.8658 Last

0.8645

0.8630

0.8615

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