USDCHF Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.16% | 13.0 Pips | ▲ |
| Week to-date | 1.95% | 152.0 Pips | ▲ |
| June | 1.95% | 152.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
What can we expect from USDCHF today?
The USDCHF pair is showing a bullish outlook as it begins the week with a 0.16% gain, closing at 0.79750. The pair’s price remains above the 9-day EMA, suggesting continued upward momentum.
📈 Bull Scenario A bullish scenario for USDCHF could be triggered if the pair breaks above the immediate resistance level at R1: 0.79923. Further bullish momentum might push the pair towards the next resistance at R2: 0.80097. The current weekly performance of 1.95% supports the potential for continued gains. | 📉 Bear Scenario Conversely, a bearish scenario may unfold if the USDCHF falls below the daily pivot at 0.79687, with further declines potentially targeting the support level at S1: 0.79513. Should selling pressure intensify, the pair might test the next support at S2: 0.79277. The falling stochastic in the overbought zone could signal a potential reversal. |
Key levels to watch out:
| R3 | 0.80333 |
| R2 | 0.80097 |
| R1 | 0.79923 |
| Daily Pivot | 0.79687 |
| S1 | 0.79513 |
| S2 | 0.79277 |
| S3 | 0.79103 |