USDCHF on Monday rose 0.1% to 0.87730. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.1%9 Pips
Week to-date0.1%8.9 Pips
March-0.81%-71.8 Pips

Upcoming key events (London Time)

Tue 12:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.1% to 0.87730. 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 0.87534 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87948 or trades above daily pivot 0.87741. Break above could target R1 at 0.87937. While to the downside, we are looking at 0.87534 (S1) and daily low of 0.87545 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87948 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:

R30.8834
R20.88144
R10.87937
Daily Pivot0.87741
S10.87534
S20.87338
S30.87131

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