Tanalys

USD/CHF Intraday: bullish bias above 0.932.

Pivot: 0.932

Our preference: Long positions above 0.932 with targets @ 0.9415 0.947 in extension.

Alternative scenario: Below 0.932 look for further downside with 0.928 0.925 as targets.

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

Supports and resistances:

0.95 *

0.947 *

0.9415 **

0.9367 Last

0.932 ***

0.928 *

0.925 *

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