Tanalys

USD/CHF Intraday: bullish bias above 0.9925.

Pivot: 0.9925

Our preference: long positions above 0.9925 with targets @ 0.9995 1.0035 in extension.

Alternative scenario: below 0.9925 look for further downside with 0.99 0.9875 as targets.

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

Supports and resistances:

1.0055 ***

1.0035 ***

0.9995 ***

0.9948 Last

0.9925 ***

0.99 **

0.9875 ***

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