Tanalys

USD/CHF ST: the bias remains bullish.

Pivot: 0.98

Our preference: long positions above 0.98 with targets @ 1.065 1.09 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:

1.115 **

1.09 ***

1.065 **

0.997 Last

0.98 ***

0.947 ***

0.924 ***

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