USD/CHF may rise 23 - 38 pips

Pivot

0.8970

Our preference

Long positions above 0.8970 with targets at 0.9015 & 0.9030 in extension.

Alternative scenario

Below 0.8970 look for further downside with 0.8955 & 0.8940 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.9045

0.9030

0.9015

0.8992 Last

0.8970

0.8955

0.8940

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