USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 1.24% | 104.4 Pips |  |
||
| Week to-date | 1.07% | 90.2 Pips |  |
||
| January | 1.07% | 90.2 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
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What can we expect from USDCHF today?
USDCHF on Tuesday rose 1.24% to 0.85004. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.85326 with break above could target R2 at 0.85648 or figure level area. While towards the downside, we are looking at daily low of 0.84168 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.85069 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 | 0.86227 |
| R2 | 0.85648 |
| R1 | 0.85326 |
| Daily Pivot | 0.84747 |
| S1 | 0.84425 |
| S2 | 0.83846 |
| S3 | 0.83524 |
