USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0% | -0.2 Pips |  |
||
| Week to-date | 0.19% | 16.6 Pips |  |
||
| February | 2.39% | 205.7 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
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What can we expect from USDCHF today?
USDCHF on Tuesday dropped 0% to 0.88191. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87903 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88378 or trades above daily pivot 0.8814. Break above could target R1 at 0.88429. While to the downside, we are looking at 0.87903 (S1) and daily low of 0.87852 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87852 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 | 0.88955 |
| R2 | 0.88666 |
| R1 | 0.88429 |
| Daily Pivot | 0.8814 |
| S1 | 0.87903 |
| S2 | 0.87614 |
| S3 | 0.87377 |
