(16 JULY 2020)USD/CHF Further upside.

<p>Pivot</p>
<p>&nbsp;(invalidation): 0.9440 Our preference</p>
<p>Long positions above 0.9440 with targets at 0.9460 &amp; 0.9475 in extension.</p>
<p>Alternative scenario</p>
<p>Below 0.9440 look for further downside with 0.9425 &amp; 0.9405 as targets.</p>