USDCHF on Tuesday dropped -0.03% to 0.87720. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday-0.03%-2.2 Pips
Week to-date0.09%7.5 Pips
March-0.83%-73.2 Pips

Upcoming key events (London Time)

Thu 12:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Thu 12:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.03% to 0.87720. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87125 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89000 or trades above daily pivot 0.88062. Break above could target R1 at 0.88658. While to the downside, we are looking at 0.87125 (S1) and daily low of 0.87467 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87467 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:

R30.90191
R20.89595
R10.88658
Daily Pivot0.88062
S10.87125
S20.86529
S30.85592

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