USDCHF on Tuesday rose 0.15% to 0.88828. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.15%13.3 Pips
Week to-date0.58%50.8 Pips
March0.43%38.1 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)
Thu 08:30 AM CHF SNB Monetary Policy Assessment
Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate)

What happened lately

🇺🇸 U.S. Building Permits (1-mth) in February rose to 1.518M compared to previous figure 1.489, revised from 1.47M in January Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.15% to 0.88828. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.88669 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88985 or trades above daily pivot 0.88827. Break above could target R1 at 0.88986. While to the downside, we are looking at 0.88669 (S1) and daily low of 0.88668 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.88985 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 0.58% over the past few days.

Key levels to watch out:

R30.89303
R20.89144
R10.88986
Daily Pivot0.88827
S10.88669
S20.8851
S30.88352

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