USDCHF on Monday rose 0.62% to 0.90829. What we know.
|Performance after Monday|
|Week to-date||0.61%||55.2 Pips|
Upcoming key events (London Time)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)
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What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Monday rose 0.62% to 0.90829. Price is above 9-Day EMA while Stochastic is falling.
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 0.9123 with break above could target R2 at 0.9163 or figure level area. While towards the downside, we are looking at daily low of 0.90153 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91092 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:
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