USDCHF on Monday dropped -0.23% to 0.91179. Pair in consolidation. What we know.

USDCHF on Monday dropped -0.23% to 0.91179. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.23% -20.6 Pips
Week to-date -0.23% -20.6 Pips
April 1.2% 107.9 Pips

Upcoming key events (London Time)

Tue 06:15 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. New York Empire State Manufacturing Index in April improved to -14.3 points compared to previous figure -20.9 points in March
🇺🇸 U.S. Monthly Retail Trade (1-mth) in March dropped to 0.7% compared to previous figure 0.9, revised from 0.6% in February Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Monday dropped -0.23% to 0.91179. 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 0.90995 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91520 or trades above daily pivot 0.91258. Break above could target R1 at 0.91441. While to the downside, we are looking at 0.90995 (S1) and daily low of 0.91074 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.91074 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 0.91887
R2 0.91704
R1 0.91441
Daily Pivot 0.91258
S1 0.90995
S2 0.90812
S3 0.90549

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