(15 MAY 2019)USD/CHF:Bullish bias above 1.0065.

c

Pivot (invalidation): 1.0065

Our preference

Long positions above 1.0065 with targets at 1.0100 & 1.0125 in extension.

Alternative scenario

Below 1.0065 look for further downside with 1.0045 & 1.0030 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)