USDCHF on Monday rose 0.29% to 0.92840. Pair in consolidation. How it happened.

USDCHF by TradingView

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.29%	27 Pips
Week to-date	-1.45%	-137 Pips
March	0.27%	25.2 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference

What happened lately

No major activities.

What can we expect from USDCHF today?

USDCHF on Monday rose 0.29% to 0.92840. Price is above 9-Day EMA while Stochastic is falling in neutral zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.92439 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.93123 or trades above daily pivot 0.92781. While to the downside, the daily low of 0.92380 and 0.92439 (S1) as immediate support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.93123 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

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