USD/CHF may rise 11 - 26 pips

Pivot

0.8915

Our preference

Long positions above 0.8915 with targets at 0.8950 & 0.8965 in extension.

Alternative scenario

Below 0.8915 look for further downside with 0.8900 & 0.8885 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.8980

0.8965

0.8950

0.8939 Last

0.8915

0.8900

0.8885

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