USD/CHF may rise 20 - 40 pips

Pivot

0.8880

Our preference

Long positions above 0.8880 with targets at 0.8920 & 0.8940 in extension.

Alternative scenario

Below 0.8880 look for further downside with 0.8865 & 0.8850 as targets.

Comment

The next resistances are at 0.8920 and then at 0.8940.

Supports and resistances

0.8965

0.8940

0.8920

0.8900 Last

0.8880

0.8865

0.8850

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