|Performance after Monday|
|Week to-date||0.61%||55.7 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
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What can we expect from USDCHF today?
USDCHF on Monday rose 0.61% to 0.91190. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.91465 with break above could target R2 at 0.9174 or figure level area. While towards the downside, we are looking at daily low of 0.90697 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91356 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.61% over the past few days.
Key levels to watch out:
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