USD/CHF may rise 28 - 43 pips

Pivot

0.8855

Our preference

Long positions above 0.8855 with targets at 0.8930 & 0.8945 in extension.

Alternative scenario

Below 0.8855 look for further downside with 0.8825 & 0.8810 as targets.

Comment

The break above the resistance at 0.8855 triggered an upward acceleration to 0.8930.

Supports and resistances

0.8965

0.8945

0.8930

0.8902 Last

0.8855

0.8825

0.8810

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