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USDCHF on Monday dropped -0.36% to 0.91600. Pair in consolidation. What happened.

USDCHF on Monday dropped -0.36% to 0.91600. Pair in consolidation. What happened.

USDCHF Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.36% -33 Pips
Week to-date -0.6% -54.9 Pips
March -3.01% -283.2 Pips

Upcoming key events (London Time)

No further events

What happened lately

No major activities.


USDCHF Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Monday dropped -0.36% to 0.91600. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.91401 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91996 or trades above daily pivot 0.91699. While to the downside, the daily low of 0.91500 and 0.91401 (S1) as immediate support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.91500 would indicate selling pressure.

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:

R3 0.92393
R2 0.92195
R1 0.91897
Daily Pivot 0.91699
S1 0.91401
S2 0.91203
S3 0.90905

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