USD/CHF may rise 13 - 28 pips

Pivot

0.8950

Our preference

Long positions above 0.8950 with targets at 0.8985 & 0.9000 in extension.

Alternative scenario

Below 0.8950 look for further downside with 0.8930 & 0.8900 as targets.

Comment

The break above 0.8950 is a positive signal that has opened a path to 0.8985.

Supports and resistances

0.9020

0.9000

0.8985

0.8972 Last

0.8950

0.8930

0.8900

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