USD/CHF may fall 32 - 52 pips

Pivot

0.8930

Our preference

Short positions below 0.8930 with targets at 0.8885 & 0.8865 in extension.

Alternative scenario

Above 0.8930 look for further upside with 0.8950 & 0.8970 as targets.

Comment

As long as 0.8930 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8970

0.8950

0.8930

0.8917 Last

0.8885

0.8865

0.8850

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