USD/CHF may rise to 0.9000 - 0.9240

Pivot

0.8880

Our preference

Long positions above 0.8880 with targets at 0.9000 & 0.9240 in extension.

Alternative scenario

Below 0.8880 look for further downside with 0.8720 & 0.8550 as targets.

Comment

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

Supports and resistances

0.9440

0.9240

0.9000

0.8923 Last

0.8880

0.8720

0.8550

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