USDCHF on Monday rose 0.41% to 0.90880. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.41%37 Pips
Week to-date0.41%37 Pips
April-0.64%-59 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.


USDCHF 4-hour Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Monday rose 0.41% to 0.90880. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.91246 with break above could target R2 at 0.91611 or figure level area. While towards the downside, we are looking at daily low of 0.90429 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91203 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R30.9202
R20.91611
R10.91246
Daily Pivot0.90837
S10.90472
S20.90063
S30.89698

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#USDCHF Trending on Twitter

09:00 UTC
#USDJPY is @ 133.54, projected to reach 133.49 (-5.43 pips) in the next 60 minutes (med.) - probability 65.65%

#USDCHF is @ 0.9176, projected to reach 0.9181 (5.0 pips) in the next 63 minutes (med.) - probability 48.55%

Euro Remains Bullish Despite Correction to Demand Zone
https://www.brokerxplorer.com/analysis/euro-remains-bullish-despite-correction-to-demand-zone-4276

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Weekly Market Analysis 👩‍💼

📈 Top Gainers
#EURUSD, #GBPUSD, #USDJPY, #AUDUSD, #SP500, #Nifty50

📉 Top Losers
#USDCHF, #USDCAD, #Gold

https://www.dailyforex.com/forex-technical-analysis/2023/04/pairs-in-focus-this-week-april-2nd-april-8th/193637

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