USD/CHF Intraday: bullish bias above 0.8975.
Pivot: 0.8975
Our preference: long positions above 0.8975 with targets at 0.9005 & 0.9020 in extension.
Alternative scenario: below 0.8975 look for further downside with 0.8960 & 0.8945 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.9035
0.9020
0.9005
0.8982 Last
0.8975
0.8960
0.8945
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