7647082 7/13/2017 6:09 PM, CHF/NOK intraday: as long as 8.6020 is resistance look for 8.5170


Our pivot point stands at 8.6020.


Our preference

: as long as 8.6020 is resistance look for 8.5170.


Alternative scenario

: the upside breakout of 8.6020, would call for 8.6290 and 8.6450.


Comment

: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the pair stands above its 20 MA (8.5794) but below its 50 MA (8.5808).


Supports and resistances

:

8.6450 **

8.6290 *

8.6020 **

8.5910

8.5804 last

8.5330

8.5170 **

8.5010 *

8.4850 **