USDCHF on Wednesday dropped -0.29% to 0.87927. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
Wednesday-0.29%-25.7 Pips
Week to-date-0.13%-11.2 Pips
February2.07%177.9 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 Wednesday dropped -0.29% to 0.87927. 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 0.8778 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88201 or trades above daily pivot 0.87991. Break above could target R1 at 0.88137. While to the downside, we are looking at 0.8778 (S1) and daily low of 0.87844 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87844 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:

Daily Pivot0.87991

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