USDCHF on Monday dropped -0.15% to 0.87836. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Monday-0.15%-12.9 Pips
Week to-date-0.15%-13.1 Pips
December0.37%32.3 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Monday dropped -0.15% to 0.87836. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87673 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88161 or trades above daily pivot 0.87917. Break above could target R1 at 0.8808. While to the downside, we are looking at 0.87673 (S1) and daily low of 0.87754 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87754 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:

Daily Pivot0.87917

Leave a comment

Your email address will not be published. Required fields are marked *