USD/CHF may fall 11 - 36 pips

Pivot

0.8965

Our preference

Short positions below 0.8965 with targets at 0.8925 & 0.8900 in extension.

Alternative scenario

Above 0.8965 look for further upside with 0.9000 & 0.9020 as targets.

Comment

As long as 0.8965 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9020

0.9000

0.8965

0.8936 Last

0.8925

0.8900

0.8880

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