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USDCHF on Wednesday dropped -0.02% to 0.90799. Pair in consolidation. What we know.

USDCHF on Wednesday dropped -0.02% to 0.90799. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday -0.02% -2.1 Pips
Week to-date 0.37% 33.3 Pips
May -1.18% -108 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Wednesday dropped -0.02% to 0.90799. 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 0.90676 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90957 or trades above daily pivot 0.90816. Break above could target R1 at 0.9094. While to the downside, we are looking at 0.90676 (S1) and daily low of 0.90693 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.90693 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 0.91204
R2 0.9108
R1 0.9094
Daily Pivot 0.90816
S1 0.90676
S2 0.90552
S3 0.90412

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