USDCHF on Monday dropped -0.06% to 0.87999. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Monday-0.06%-5.5 Pips
Week to-date-0.06%-5.5 Pips
February2.18%187.6 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD GDP Annualized

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Monday dropped -0.06% to 0.87999. 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 0.87842 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88221 or trades above daily pivot 0.88032. Break above could target R1 at 0.88188. While to the downside, we are looking at 0.87842 (S1) and daily low of 0.87875 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87875 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 Pivot0.88032

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