Tanalys

USD/CHF Intraday: bullish bias above 0.9695.

Pivot: 0.9695

Our preference: Long positions above 0.9695 with targets @ 0.9765 0.9795 in extension.

Alternative scenario: Below 0.9695 look for further downside with 0.966 0.964 as targets.

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

Supports and resistances:

0.9825 ***

0.9795 **

0.9765 *

0.9715 Last

0.9695 ***

0.966 **

0.964 **

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