USDCHF on Monday rose 0.49% to 0.88749. How it happened.

USDCHF Analysis

Performance after Monday
Monday0.49%42.9 Pips
Week to-date0.49%42.9 Pips
March0.34%30.2 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:00 PM USD FOMC Economic Projections
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.49% to 0.88749. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.88993 with break above could target R2 at 0.89236 or figure level area. While towards the downside, we are looking at daily low of 0.88212 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.88846 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.49% over the past few days.

Key levels to watch out:

Daily Pivot0.88602

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