USD/CHF may rise 5 - 25 pips

Pivot

0.8900

Our preference

Long positions above 0.8900 with targets at 0.8930 & 0.8950 in extension.

Alternative scenario

Below 0.8900 look for further downside with 0.8890 & 0.8865 as targets.

Comment

A support base at 0.8900 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.8970

0.8950

0.8930

0.8925 Last

0.8900

0.8890

0.8865

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