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USDCHF on Tuesday dropped -0.24% to 0.90313. Pair in consolidation. What we know.

USDCHF on Tuesday dropped -0.24% to 0.90313. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.24% -21.3 Pips
Week to-date 0.17% 14.9 Pips
April 0.23% 21 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.24% to 0.90313. 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 0.90104 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90563 or trades above daily pivot 0.90333. Break above could target R1 at 0.90543. While to the downside, we are looking at 0.90104 (S1) and daily low of 0.90124 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.90124 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R3 0.90982
R2 0.90772
R1 0.90543
Daily Pivot 0.90333
S1 0.90104
S2 0.89894
S3 0.89665

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