USD/CHF may rise 23 - 33 pips
Our pivot point stands at 0.8841.
Our preference
The upside prevails as long as 0.8841 is support towards 0.9000.
Alternative scenario
The downside breakout of 0.8841 would call for 0.8823 and 0.8813.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8838 and 0.8830).
Supports and resistances
0.8914 **
0.8903 *
0.8892 **
0.8882
0.8859 last
0.8848
0.8841 **
0.8823 *
0.8813 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
The upside prevails as long as 0.8841 is support towards 0.9000.
Alternative scenario
The downside breakout of 0.8841 would call for 0.8823 and 0.8813.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8838 and 0.8830).
Supports and resistances
0.8914 **
0.8903 *
0.8892 **
0.8882
0.8859 last
0.8848
0.8841 **
0.8823 *
0.8813 **
Number of asterisks represents the strength of support and resistance levels.
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