USDCHF on Monday dropped 0% to 0.90151. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||0%||0.2 Pips|
Upcoming key events (London Time)
Tue 07:45 AM CHF SNB’s Chairman Thomas Jordan speech
Tue 01:30 PM USD CPI Inflation Rate (1-mth)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
No major activities.
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What can we expect from USDCHF today?
USDCHF on Monday dropped 0% to 0.90151. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.8996 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90522 or trades above daily pivot 0.90241. Break above could target R1 at 0.90432. While to the downside, we are looking at 0.8996 (S1) and daily low of 0.90050 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.90050 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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No major reports.