Tanalys

USD/CHF MT: the upside prevails.

Pivot: 0.884

Our preference: Long positions above 0.884 with targets @ 0.915 0.938 in extension.

Alternative scenario: Below 0.884 look for further downside with 0.87 0.858 as targets.

Comment: The pair is rebounding and is breaking above the upper boundary of a bearish channel.

Supports and resistances:

0.956

0.938

0.915

0.8959 Last

0.884

0.87

0.858

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