USDCHF on Monday dropped -1.1% to 0.91180. Looking bearish. What we know.
|Performance after Monday|
|Week to-date||-1.1%||-100 Pips|
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What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Monday dropped -1.1% to 0.91180. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at 0.9056 (S1) with break below could see further selling pressure towards 0.8995 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.92090 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90710 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.1%.
Key levels to watch out:
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