USD/CHF may rise 19 - 34 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 0.8935 & 0.8920 as targets.

Comment

A support base at 0.8950 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9015

0.9000

0.8985

0.8966 Last

0.8950

0.8935

0.8920

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