USD/CHF may rise 18 - 38 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

A support base at 0.8880 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8965

0.8940

0.8920

0.8902 Last

0.8880

0.8865

0.8850

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