USD/CHF intraday: the upside prevails as long as 0.8943 is support
Our pivot point stands at 0.8943.
Our preference: the upside prevails as long as 0.8943 is support.
Alternative scenario: the downside breakout of 0.8943 would call for 0.8922 and 0.8910.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.8957 and 0.8942).
Supports and resistances:
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