USD/CHF may rise 16 - 36 pips

Pivot

0.8885

Our preference

Long positions above 0.8885 with targets at 0.8930 & 0.8950 in extension.

Alternative scenario

Below 0.8885 look for further downside with 0.8865 & 0.8840 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.8970

0.8950

0.8930

0.8914 Last

0.8885

0.8865

0.8840

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