USD/CHF may rise 26 - 41 pips

Pivot

0.8980

Our preference

Long positions above 0.8980 with targets at 0.9015 & 0.9030 in extension.

Alternative scenario

Below 0.8980 look for further downside with 0.8955 & 0.8940 as targets.

Comment

A support base at 0.8980 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9045

0.9030

0.9015

0.8989 Last

0.8980

0.8955

0.8940

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