Tanalys

USD/CHF Intraday: bullish bias above 0.956.

Pivot: 0.956

Our preference: Long positions above 0.956 with targets @ 0.9625 0.965 in extension.

Alternative scenario: Below 0.956 look for further downside with 0.954 0.9505 as targets.

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

Supports and resistances:

0.968

0.965

0.9625

0.9587 Last

0.956

0.954

0.9505

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