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analysing USD/CHF for Wednesday

to Dec. 11, 2019


USD/CHF Intraday: under pressure.
Pivot: 0.9860

Our preference: short positions below 0.9860 with targets at 0.9830 & 0.9820 in extension.

Alternative scenario: above 0.9860 look for further upside with 0.9880 & 0.9895 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

0.9895
0.9880
0.9860
0.9850 Last
0.9830
0.9820
0.9805

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