USD/CHF may fall 24 - 44 pips

Pivot

0.8960

Our preference

Short positions below 0.8960 with targets at 0.8920 & 0.8900 in extension.

Alternative scenario

Above 0.8960 look for further upside with 0.8975 & 0.8990 as targets.

Comment

As long as 0.8960 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8990

0.8975

0.8960

0.8944 Last

0.8920

0.8900

0.8880

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