USDCHF on Monday rose 0.42% to 0.87249. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.42%36.3 Pips
Week to-date0.42%36.3 Pips
December-0.3%-26.2 Pips

Upcoming key events (London Time)

Tue 03:00 PM USD ISM Services PMI

What happened lately

🇺🇸 U.S. Factory Orders (1-mth) in October exceed forecast and dropped to -3.6% compared to previous figure 2.3, revised from 2.8% in September Source: Census Bureau
🇨🇭 Switzerland CPI Inflation Rate (12-mth) in November below forecast and dropped to 1.4% compared to previous figure 1.7% in October Source: Federal Statistical Office

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.42% to 0.87249. 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 0.86811 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87553 or trades above daily pivot 0.87182. Break above could target R1 at 0.8762. While to the downside, we are looking at 0.86811 (S1) and daily low of 0.86744 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87553 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R30.88429
R20.87991
R10.8762
Daily Pivot0.87182
S10.86811
S20.86373
S30.86002

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