Tanalys

USD/CHF intraday: key ST resistance at 0.9715

Pivot: 0.9715.

Our preference: SHORT positions below 0.9715 with 0.9635 0.959 in sight.

Alternative scenario: The upside penetration of 0.9715 will call for a rebound towards 0.975 0.98.

Comment: the 0.9715 strong resistance area maintains a downside pressure.

Trend: ST Consolidation; MT Bullish

Key levels Comment

0.98* Fib projection

0.975* Intraday resistance

0.9715*** Intraday pivot point

0.9686 Last

0.9635* Intraday support

0.959** Intraday support

0.9545*** Intraday support

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