USD/CHF may rise 19 - 34 pips

Pivot

0.8925

Our preference

Long positions above 0.8925 with targets at 0.8965 & 0.8980 in extension.

Alternative scenario

Below 0.8925 look for further downside with 0.8910 & 0.8900 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.8995

0.8980

0.8965

0.8946 Last

0.8925

0.8910

0.8900

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