USD/CHF may rise 11 - 21 pips

Pivot

0.8960

Our preference

Long positions above 0.8960 with targets at 0.8990 & 0.9000 in extension.

Alternative scenario

Below 0.8960 look for further downside with 0.8940 & 0.8925 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

0.9030

0.9000

0.8990

0.8979 Last

0.8960

0.8940

0.8925

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