USDCHF Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.27% | -22.0 Pips | ▼ |
| Week to-date | 0.35% | 28.0 Pips | ▲ |
| June | 3.69% | 288.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from USDCHF today?
The USDCHF pair is exhibiting a mixed daily outlook with a slight decline of 0.27% on Thursday, closing at 0.80980. Despite this, the weekly performance remains positive at 0.35%, suggesting a bullish undertone.
In a bullish scenario, if the USDCHF manages to sustain above the daily pivot of 0.8106, it could target the first resistance level at 0.8126. A further push could see the pair testing the second resistance at 0.8154, especially if the price continues to stay above the 9-day EMA and the stochastic remains in the overbought zone.
Conversely, a bearish move could be triggered if the USDCHF breaks below the first support level at 0.8078. Continued downward pressure might lead the pair to test the second support level at 0.8058. Traders should watch for any signs of reversal in the overbought stochastic indicator, which could signal a potential decline.
📈 Bull Scenario Watch resistance levels R1 and R2 for bullish continuation. | 📉 Bear Scenario Watch support levels S1 and S2 for bearish breakdown. |
Key levels to watch out:
| R3 | 0.8174 |
| R2 | 0.8154 |
| R1 | 0.8126 |
| Daily Pivot | 0.8106 |
| S1 | 0.8078 |
| S2 | 0.8058 |
| S3 | 0.803 |