USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.14% | -12.3 Pips |  |
||
| Week to-date | 0.32% | 27.6 Pips |  |
||
| February | 0.94% | 80.7 Pips |  |
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What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.14% to 0.86945. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.86732 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87411 or trades above daily pivot 0.87072. Break above could target R1 at 0.87284. While to the downside, we are looking at 0.86732 (S1) and daily low of 0.86859 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.86859 would indicate selling pressure.
For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.32% over the past few days.
Key levels to watch out:
| R3 | 0.87836 |
| R2 | 0.87624 |
| R1 | 0.87284 |
| Daily Pivot | 0.87072 |
| S1 | 0.86732 |
| S2 | 0.8652 |
| S3 | 0.8618 |
