USD/CHF may fall 23 - 38 pips

Pivot

0.8930

Our preference

Short positions below 0.8930 with targets at 0.8890 & 0.8875 in extension.

Alternative scenario

Above 0.8930 look for further upside with 0.8945 & 0.8965 as targets.

Comment

As long as 0.8930 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8965

0.8945

0.8930

0.8913 Last

0.8890

0.8875

0.8860

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