Tanalys

USD/CHF ST: bullish bias above 0.98.

Pivot: 0.98

Our preference: long positions above 0.98 with targets @ 1.035 1.065 in extension.

Alternative scenario: below 0.98 look for further downside with 0.947 0.924 as targets.

Comment: a support base at 0.98 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.09 **

1.065 **

1.035 ***

0.9841 Last

0.98 ***

0.947 ***

0.924 ***

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