USDCHF on Tuesday rose 0.05% to 0.86937. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.05%4.3 Pips
Week to-date0.2%17.3 Pips
January3.36%282.8 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.05% to 0.86937. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.86528 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87282 or trades above daily pivot 0.86905. Break above could target R1 at 0.87314. While to the downside, we are looking at 0.86528 (S1) and daily low of 0.86496 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87282 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:

R30.881
R20.87691
R10.87314
Daily Pivot0.86905
S10.86528
S20.86119
S30.85742

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