USD/CHF may rise 17 - 32 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

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9020

0.9000

0.8985

0.8968 Last

0.8950

0.8930

0.8900

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