CHF / USD

USD/CHF intraday: under pressure.

Pivot: 0.9705 Our preference: Short positions below 0.9705 with targets @ 0.965 & 0.963 in extension. Alternative scenario: Above 0.9705 look for further upside with 0.9725 & 0.975 as targets. Comment: the pair has broken below its rising trend line and should face further weakness.

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