USD/CHF intraday: the upside prevails as long as 0.8974 is support
Our pivot point is at 0.8974.
Our preference: the upside prevails as long as 0.8974 is support.
Alternative scenario: the downside breakout of 0.8974 would call for 0.8953 and 0.8941.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8987 and 0.8979).
Supports and resistances:
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