7640774 7/12/2017 5:06 PM, CHF/NOK intraday: the downside prevails as long as 8.5960 is resistance


Our pivot point stands at 8.5960.


Our preference

: the downside prevails as long as 8.5960 is resistance.


Alternative scenario

: the upside breakout of 8.5960, would call for 8.6220 and 8.6380.


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 pair stands below its 20 and 50 MAs (respectively at 8.5866 and 8.5984).


Supports and resistances

:

8.6380 **

8.6220 *

8.5960 **

8.5850

8.5723 last

8.5400

8.5250 **

8.5090 *

8.4930 **