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USDCHF on Monday rose 0.12% to 0.89653. Pair in consolidation. What we know.

USDCHF on Monday rose 0.12% to 0.89653. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.12% 10.3 Pips
Week to-date 0.12% 10.7 Pips
June -0.59% -52.8 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD Interest Rate Projections

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.12% to 0.89653. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89482 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89829 or trades above daily pivot 0.89655. Break above could target R1 at 0.89827. While to the downside, we are looking at 0.89482 (S1) and daily low of 0.89484 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89829 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:

R3 0.90172
R2 0.9
R1 0.89827
Daily Pivot 0.89655
S1 0.89482
S2 0.8931
S3 0.89137

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