USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.38% | 34.5 Pips |  |
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| Week to-date | 0.39% | 35.2 Pips | |
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| July | 0.39% | 35.2 Pips |  |
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Upcoming key events (London Time)
Tue 02:30 PM USD Federal Reserve Chair Jerome Powell speech Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
🇨🇭 Switzerland Real Retail Trade (12-mth) in May dropped to 0.4% compared to previous figure 2.2, revised from 2.7% in April Source: Federal Statistical Office
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What can we expect from USDCHF today?
USDCHF on Monday rose 0.38% to 0.90309. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.90558 with break above could target R2 at 0.90807 or figure level area. While towards the downside, we are looking at daily low of 0.89838 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90447 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.39% over the past few days.
Key levels to watch out:
| R3 | 0.91167 |
| R2 | 0.90807 |
| R1 | 0.90558 |
| Daily Pivot | 0.90198 |
| S1 | 0.89949 |
| S2 | 0.89589 |
| S3 | 0.8934 |
