|Performance after Tuesday|
|Week to-date||-0.04%||-3.5 Pips|
Upcoming key events (London Time)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:00 PM USD FOMC Economic Projections
Wed 07:00 PM USD Interest Rate Projections
Wed 07:30 PM USD FOMC Press Conference
Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate)
Thu 08:30 AM CHF SNB Monetary Policy Assessment
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.05% to 0.89725. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89517 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89840 or trades above daily pivot 0.89678. Break above could target R1 at 0.89887. While to the downside, we are looking at 0.89517 (S1) and daily low of 0.89470 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89840 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:
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