USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.07% | -6.2 Pips |  |
||
| Week to-date | -0.07% | -6.2 Pips | |
||
| May | -0.59% | -54.1 Pips | |
||
Upcoming key events (London Time)
Tue 05:55 AM CHF SNB’s Chairman Thomas Jordan speech
What happened lately
No major activities.
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Monday dropped -0.07% to 0.91338. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.91211 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91537 or trades above daily pivot 0.91374. Break above could target R1 at 0.91501. While to the downside, we are looking at 0.91211 (S1) and daily low of 0.91247 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.91247 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:
| R3 | 0.91791 |
| R2 | 0.91664 |
| R1 | 0.91501 |
| Daily Pivot | 0.91374 |
| S1 | 0.91211 |
| S2 | 0.91084 |
| S3 | 0.90921 |
