USD/CHF may rise 16 - 31 pips

Pivot

0.8950

Our preference

Long positions above 0.8950 with targets at 0.8980 & 0.8995 in extension.

Alternative scenario

Below 0.8950 look for further downside with 0.8935 & 0.8920 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

0.9010

0.8995

0.8980

0.8964 Last

0.8950

0.8935

0.8920

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