USDCHF on Monday dropped -0.07% to 0.88442. What we know.
|Performance after Monday|
|Week to-date||-0.07%||-6 Pips|
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Tue 07:00 PM USD FOMC Meeting Minutes
What happened lately
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What can we expect from USDCHF today?
USDCHF on Monday dropped -0.07% to 0.88442. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at S1 0.88249 with break below could see further selling pressure towards S2 at 0.88056. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.88653 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.88258 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.07%.
Key levels to watch out:
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