USD/CHF technical analyse 4th November

Pivot: 0.961

Our preference: Long positions above 0.961 with targets @ 0.9695 & 0.975 in extension.

Alternative scenario: Below 0.961 look for further downside with 0.9575 & 0.9535 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair stands above its support and remains on the upside.

Supports and resistances:

0.979

0.975

0.9695

0.9638 Last

0.961

0.9575

0.9535

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