USD/CHF intraday : the downside prevails as long as 0.7971 is resistance

Our pivot point is at 0.7971.

Our preference: the downside prevails as long as 0.7971 is resistance

Alternative scenario: above 0.7971, look for 0.7993 and 0.8006.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.7960 and 0.7959).

Supports and resistances:

0.8006 **

0.7993 *

0.7971 **

0.7963

0.7950 last

0.7924

0.7911 **