Tanalys

USD/CHF intraday: key ST resistance at 0.89.

Pivot: 0.89

Our preference: Short positions below 0.89 with targets @ 0.8825 0.88 in extension.

Alternative scenario: Above 0.89 look for further upside with 0.893 0.897 as targets.

Comment: as long as 0.89 is resistance, look for choppy price action with a bearish bias.

Key levels

0.897

0.893

0.89

0.88791 last

0.8825

0.88

0.878

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