USDCHF on Monday dropped -0.05% to 0.89086. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||-0.29%||-25.6 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Monday dropped -0.05% to 0.89086. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.88889 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89570 or trades above daily pivot 0.89229. Break above could target R1 at 0.89427. While to the downside, we are looking at 0.88889 (S1) and daily low of 0.89032 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89032 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:
You might be interested in:
Gross Domestic Product for American Samoa, 2022. Bureau of Economic Analysis