USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.08% | -6.9 Pips |  |
||
| Week to-date | -0.07% | -6.7 Pips | |
||
| May | 0.52% | 46.2 Pips |  |
||
Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
🇨🇭 Industrial Production (12-mth) in Q1 dropped to 3.4% compared to previous figure 6.1% in Q4
What can we expect from USDCHF today?
USDCHF on Monday dropped -0.08% to 0.89831. 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 0.89498 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89968 or trades above daily pivot 0.89733. Break above could target R1 at 0.90066. While to the downside, we are looking at 0.89498 (S1) and daily low of 0.89400 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89400 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 | 0.90634 |
| R2 | 0.90301 |
| R1 | 0.90066 |
| Daily Pivot | 0.89733 |
| S1 | 0.89498 |
| S2 | 0.89165 |
| S3 | 0.8893 |
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.
