USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.05% | 3.9 Pips |  |
||
| Week to-date | 0.04% | 3.7 Pips | |
||
| August | -1.44% | -126.8 Pips |  |
||
Upcoming key events (London Time)
Tue 01:30 PM USD PPI excluding Food and Energy sectors (12-mth) Wed 01:30 PM USD CPI Inflation Rate (1-mth) Wed 01:30 PM USD CPI Inflation Rate (12-mth)
What happened lately
🇺🇸 The U.S. Monthly Budget Statement in July dropped to -$244 billion compared to -$66 billion in June. Source: Bureau of the Fiscal Service
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Monday rose 0.05% to 0.86541. 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 0.86275 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87120 or trades above daily pivot 0.86697. Break above could target R1 at 0.86964. While to the downside, we are looking at 0.86275 (S1) and daily low of 0.86431 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87120 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 | 0.87653 |
| R2 | 0.87386 |
| R1 | 0.86964 |
| Daily Pivot | 0.86697 |
| S1 | 0.86275 |
| S2 | 0.86008 |
| S3 | 0.85586 |
#USDCHF Trending on Twitter
[custom-twitter-feeds hashtag=”#USDCHF” num=3 showheader=false]
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.