USDCHF on Monday dropped -0.33% to 0.89540. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||-0.31%||-28 Pips|
Upcoming key events (London Time)
Tue 01:30 PM USD Retail Trade Turnover (1-mth)
Tue 01:30 PM USD Retail Trade Control Group
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Monday dropped -0.33% to 0.89540. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89334 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89878 or trades above daily pivot 0.89606. Break above could target R1 at 0.89812. While to the downside, we are looking at 0.89334 (S1) and daily low of 0.89400 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89400 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
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