USDCHF on Monday rose 0.18% to 0.87160. End July down by -2.59% or -231.7 pips lower. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||0.18%||15.5 Pips|
Upcoming key events (London Time)
Tue 03:00 PM USD ISM Manufacturing PMI
Wed 01:15 PM USD ADP Non-Farm Employment Change
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Monday rose 0.18% to 0.87160. 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 0.86768 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87297 or trades above daily pivot 0.87032. Break above could target R1 at 0.87425. While to the downside, we are looking at 0.86768 (S1) and daily low of 0.86640 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87297 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
USDCHF ended month of July trading session down by -2.59% or -231.7 pips lower.
Key levels to watch out:
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