Tanalys

USD/CHF intraday: key ST resistance at 0.975.

Pivot: 0.975

Our preference: Short positions below 0.975 with targets @ 0.9645 0.959 in extension.

Alternative scenario: Above 0.975 look for further upside with 0.98 0.985 as targets.

Comment: as long as 0.975 is resistance, look for choppy price action with a bearish bias.

Key levels

0.985

0.98

0.975

0.97455 last

0.9645

0.959

0.9545

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