Pick of the Day 26 May 2022 USDCHF

　　

USDCHF Intraday: under pressure.

Pivot Level: 0.9640

Our preference:
Short positions below 0.9640 with targets at 0.9590 & 0.9570 in extension.

Alternative scenario:
Above 0.9640 look for further upside with 0.9660 & 0.9680 as targets.

Comment:
As long as 0.9640 is resistance, look for choppy price action with a bearish bias.

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