USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.45% | 38.6 Pips |  |
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| Week to-date | 0.45% | 38.6 Pips |  |
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| January | 1.72% | 144.5 Pips | |
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Upcoming key events (London Time)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
No major activities.
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What can we expect from USDCHF today?
USDCHF on Monday rose 0.45% to 0.85557. 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 0.85713 with break above could target R2 at 0.8587 or figure level area. While towards the downside, we are looking at daily low of 0.85216 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.85621 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 | 0.86118 |
| R2 | 0.8587 |
| R1 | 0.85713 |
| Daily Pivot | 0.85465 |
| S1 | 0.85308 |
| S2 | 0.8506 |
| S3 | 0.84903 |
