USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.13% | 10.6 Pips |  |
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| Week to-date | -1.32% | -112.5 Pips |  |
||
| December | -3.53% | -308.4 Pips |  |
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Upcoming key events (London Time)
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What can we expect from USDCHF today?
USDCHF on Thursday rose 0.13% to 0.84382. 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 0.83631 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.84516 or trades above daily pivot 0.84073. Break above could target R1 at 0.84825. While to the downside, we are looking at 0.83631 (S1) and daily low of 0.83322 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.84516 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.32%.
Key levels to watch out:
| R3 | 0.86019 |
| R2 | 0.85267 |
| R1 | 0.84825 |
| Daily Pivot | 0.84073 |
| S1 | 0.83631 |
| S2 | 0.82879 |
| S3 | 0.82437 |
