USD/CHF may fall 14 - 29 pips

Pivot

0.8980

Our preference

Short positions below 0.8980 with targets at 0.8950 & 0.8935 in extension.

Alternative scenario

Above 0.8980 look for further upside with 0.8995 & 0.9010 as targets.

Comment

The RSI is bearish and calls for further downside.

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.