USDCHF on Monday rose 0.23% to 0.89578. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.23%	20.7 Pips
Week to-date	0.23%	20.7 Pips
April	0.24%	21.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference

What happened lately

No major activities.

What can we expect from USDCHF today?

USDCHF on Monday rose 0.23% to 0.89578. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89263 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89666 or trades above daily pivot 0.89464. Break above could target R1 at 0.8978. While to the downside, we are looking at 0.89263 (S1) and daily low of 0.89149 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89666 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:

You might be interested in:

No major reports.

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.