USDCHF on Monday dropped -0.19% to 0.84781. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday-0.19%-16.4 Pips
Week to-date-0.19%-16.4 Pips
January0.8%67.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇨🇭 Switzerland CPI Inflation Rate (1-mth) in December exceed forecast and rose to 0% compared to previous figure -0.2% in November Source: Federal Statistical Office
🇨🇭 Switzerland Real Retail Trade (12-mth) in November rose to 0.7% compared to previous figure -0.3, revised from -0.1% in October Source: Federal Statistical Office

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What can we expect from USDCHF today?

USDCHF on Monday dropped -0.19% to 0.84781. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.84517 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.85210 or trades above daily pivot 0.84863. Break above could target R1 at 0.85128. While to the downside, we are looking at 0.84517 (S1) and daily low of 0.84599 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.84599 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:

R30.85739
R20.85474
R10.85128
Daily Pivot0.84863
S10.84517
S20.84252
S30.83906

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