USD/CHF Intraday: caution.

Pivot: 0.8065

Our preference: long positions above 0.8065 with targets at 0.8120 & 0.8145 in extension.

Alternative scenario: below 0.8065 look for further downside with 0.8050 & 0.8035 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.8160

0.8145

0.8120

0.8087 Last

0.8065

0.8050

0.8035