USD/CHF intraday : technical rebound towards 0.7996 before a new drop

Our pivot point is at 0.7996.

Our preference: technical rebound towards 0.7996 before a new drop

Alternative scenario: above 0.7996, look for 0.8025 and 0.8042.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (0.7966) but below its 50 period moving average (0.7968).

Supports and resistances:

0.8042 **

0.8025 *

0.7996 **

0.7985

0.7968 last

0.7930

0.7913 **