USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.65% | 57.7 Pips |  |
||
| Week to-date | 0.59% | 53 Pips |  |
||
| April | -1.82% | -166.8 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Monday rose 0.65% to 0.89857. Price is below 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 0.90143 with break above could target R2 at 0.9043 or figure level area. While towards the downside, we are looking at daily low of 0.89210 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89963 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 | 0.90896 |
| R2 | 0.9043 |
| R1 | 0.90143 |
| Daily Pivot | 0.89677 |
| S1 | 0.8939 |
| S2 | 0.88924 |
| S3 | 0.88637 |
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