USD/CHF may rise 33 - 48 pips

Pivot

0.8930

Our preference

Long positions above 0.8930 with targets at 0.8975 & 0.8990 in extension.

Alternative scenario

Below 0.8930 look for further downside with 0.8920 & 0.8900 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.9000

0.8990

0.8975

0.8942 Last

0.8930

0.8920

0.8900

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