USDCHF on Monday dropped -0.23% to 0.88016. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday-0.23%-20.7 Pips
Week to-date-0.23%-20.7 Pips
November-3.27%-297.1 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD GDP Annualized

What happened lately

🇺🇸 U.S. New-Home Sales Change (1-mth) in October below forecast and dropped to -5.6% compared to previous figure 8.6, revised from 12.3% in September

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What can we expect from USDCHF today?

USDCHF on Monday dropped -0.23% to 0.88016. Price is below 9-Day EMA while Stochastic is falling.

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 0.87873 with break below could see further selling pressure towards S2 at 0.87729. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.88280 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.87933 would indicate selling pressure.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.23%.

Key levels to watch out:

R30.88567
R20.88423
R10.8822
Daily Pivot0.88076
S10.87873
S20.87729
S30.87526

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