USDCHF on Monday rose 0.27% to 0.88266. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Monday0.27%24.1 Pips
Week to-date0.27%24.1 Pips
February2.48%213.2 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.27% to 0.88266. 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 0.88059 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88280 or trades above daily pivot 0.8817. Break above could target R1 at 0.88376. While to the downside, we are looking at 0.88059 (S1) and daily low of 0.87963 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.88280 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:

Daily Pivot0.8817

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