USDCHF on Monday rose 0.22% to 0.88488. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Monday0.22%19.6 Pips
Week to-date0.22%19.6 Pips
March0.06%5.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇨🇭 Switzerland CPI Inflation Rate (1-mth) in February rose to 0.6% compared to previous figure 0.2% in January Source: Federal Statistical Office

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Monday rose 0.22% to 0.88488. 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 0.88146 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88641 or trades above daily pivot 0.88394. Break above could target R1 at 0.88735. While to the downside, we are looking at 0.88146 (S1) and daily low of 0.88052 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.88641 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 Pivot0.88394

Leave a comment

Your email address will not be published.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