USDCHF on Monday rose 0.16% to 0.89621. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.16%	14.4 Pips
Week to-date	0.16%	14.4 Pips
July	0.16%	14.6 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

🇨🇭 Switzerland CPI Inflation Rate (1-mth) in June below forecast and dropped to 0.1% compared to previous figure 0.3% in May
🇨🇭 Switzerland CPI Inflation Rate (12-mth) in June below forecast and dropped to 1.7% compared to previous figure 2.2% in May

What can we expect from USDCHF today?

USDCHF on Monday rose 0.16% to 0.89621. 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 0.89337 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90042 or trades above daily pivot 0.89689. Break above could target R1 at 0.89974. While to the downside, we are looking at 0.89337 (S1) and daily low of 0.89405 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.90042 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:

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Swiss Consumer Price Index in June 2023 – Consumer prices increased by 0.1% in June. Federal Statistical Office