USDCHF on Monday rose 0.45% to 0.85557. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.45%38.6 Pips
Week to-date0.45%38.6 Pips
January1.72%144.5 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.45% to 0.85557. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.85713 with break above could target R2 at 0.8587 or figure level area. While towards the downside, we are looking at daily low of 0.85216 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.85621 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:

R30.86118
R20.8587
R10.85713
Daily Pivot0.85465
S10.85308
S20.8506
S30.84903

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