USDCHF Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.74% | 60.0 Pips | ▲ |
| Week to-date | 0.74% | 60.0 Pips | ▲ |
| July | 0.78% | 63.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Tue 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Tue 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) |
| Wed 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) |
What can we expect from USDCHF today?
The USDCHF pair has shown a bullish daily performance with a 0.74% increase, closing at 0.81440. The pair’s outlook remains positive as it trades above the 9-day EMA, despite a falling stochastic indicator.
📈 Bull Scenario A continuation of the bullish momentum could be triggered if the USDCHF breaks above the daily high of 0.81500. Traders should watch for resistance at R1, 0.81723, and further at R2, 0.82007, as potential targets if the upward trend persists. | 📉 Bear Scenario A bearish scenario might unfold if the USDCHF fails to maintain its current levels and drops below the daily pivot of 0.81217. In this case, support levels to monitor are S1 at 0.80933 and S2 at 0.80427, which could act as potential downside targets. |
Key levels to watch out:
| R3 | 0.82513 |
| R2 | 0.82007 |
| R1 | 0.81723 |
| Daily Pivot | 0.81217 |
| S1 | 0.80933 |
| S2 | 0.80427 |
| S3 | 0.80143 |