USD/CHF may rise 33 - 48 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 0.8855 is a positive signal that has opened a path to 0.8930.

Supports and resistances

0.8965

0.8945

0.8930

0.8897 Last

0.8855

0.8825

0.8810

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