USD/CHF may rise 21 - 36 pips

Pivot

0.8940

Our preference

Long positions above 0.8940 with targets at 0.8985 & 0.9000 in extension.

Alternative scenario

Below 0.8940 look for further downside with 0.8920 & 0.8900 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.9030

0.9000

0.8985

0.8964 Last

0.8940

0.8920

0.8900

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