USDCHF Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.19% | 15.0 Pips | ▲ |
| Week to-date | 0.19% | 15.0 Pips | ▲ |
| June | 3.52% | 275.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDCHF today?
The USDCHF pair is experiencing a mixed outlook as it starts the week with a modest daily performance of 0.19%, closing at 0.80850. Traders are watching closely for potential movements as the pair remains above the 9-day EMA.
📈 Bull Scenario A bullish scenario could unfold if the USDCHF breaks above the daily high of 0.80970, potentially targeting the first resistance level at 0.8101. Further bullish momentum might drive the pair towards the second resistance level at 0.8117, especially if the price remains above the 9-day EMA. | 📉 Bear Scenario On the downside, a bearish move could be triggered if the pair falls below the daily pivot of 0.8081, with initial support at 0.8065. A further decline might see the USDCHF testing the second support level at 0.8045, particularly if the stochastic indicator continues to fall within the overbought zone. |
Key levels to watch out:
| R3 | 0.8137 |
| R2 | 0.8117 |
| R1 | 0.8101 |
| Daily Pivot | 0.8081 |
| S1 | 0.8065 |
| S2 | 0.8045 |
| S3 | 0.8029 |