USD/CHF may fall 15 - 30 pips

Pivot

0.8485

Our preference

Short positions below 0.8485 with targets at 0.8455 & 0.8440 in extension.

Alternative scenario

Above 0.8485 look for further upside with 0.8500 & 0.8515 as targets.

Comment

As long as 0.8485 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8515

0.8500

0.8485

0.8470 Last

0.8455

0.8440

0.8420

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