USDCHF on Tuesday dropped -0.14% to 0.86945. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday-0.14%-12.3 Pips
Week to-date0.32%27.6 Pips
February0.94%80.7 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.14% to 0.86945. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.86732 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87411 or trades above daily pivot 0.87072. Break above could target R1 at 0.87284. While to the downside, we are looking at 0.86732 (S1) and daily low of 0.86859 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.86859 would indicate selling pressure.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.32% over the past few days.

Key levels to watch out:

R30.87836
R20.87624
R10.87284
Daily Pivot0.87072
S10.86732
S20.8652
S30.8618

Leave a comment

Your email address will not be published.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