USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.44% | 38.2 Pips |  |
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| Week to-date | 0.44% | 38.2 Pips | |
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| February | 1.06% | 91.7 Pips |  |
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Upcoming key events (London Time)
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What can we expect from USDCHF today?
USDCHF on Monday rose 0.44% to 0.87051. Price is above 9-Day EMA while Stochastic is rising.
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 0.87267 with break above could target R2 at 0.87482 or figure level area. While towards the downside, we are looking at daily low of 0.86674 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.87186 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 0.44% over the past few days.
Key levels to watch out:
| R3 | 0.87779 |
| R2 | 0.87482 |
| R1 | 0.87267 |
| Daily Pivot | 0.8697 |
| S1 | 0.86755 |
| S2 | 0.86458 |
| S3 | 0.86243 |
