USDCHF Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.34% | -27.0 Pips | ▼ |
| Week to-date | -0.34% | -27.0 Pips | ▼ |
| June | 1.69% | 132.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
What can we expect from USDCHF today?
The USDCHF pair closed on a negative note with a daily performance of -0.34%, ending at 0.79420. The outlook for today remains mixed as the pair trades below the 9-day EMA, with rising stochastic indicators suggesting potential volatility.
📈 Bull Scenario A bullish scenario could unfold if the USDCHF breaks above the daily pivot point at 0.794. Traders should watch for a move towards the first resistance level (R1) at 0.7961, with further bullish momentum potentially targeting the second resistance level (R2) at 0.798. | 📉 Bear Scenario On the downside, a bearish trend might be triggered if the pair falls below the first support level (S1) at 0.7921. Sustained selling pressure could push the USDCHF towards the second support level (S2) at 0.79, indicating a continuation of the recent downward trend. |
Key levels to watch out:
| R3 | 0.8001 |
| R2 | 0.798 |
| R1 | 0.7961 |
| Daily Pivot | 0.794 |
| S1 | 0.7921 |
| S2 | 0.79 |
| S3 | 0.7881 |