USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.09% | -8.4 Pips |  |
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| Week to-date | -0.09% | -8.5 Pips | |
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| July | -0.51% | -46.1 Pips | |
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Upcoming key events (London Time)
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in July dropped to -6.6 points compared to previous figure -6 points in June Source: New York Fed
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What can we expect from USDCHF today?
USDCHF on Monday dropped -0.09% to 0.89559. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89352 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89722 or trades above daily pivot 0.89537. Break above could target R1 at 0.89744. While to the downside, we are looking at 0.89352 (S1) and daily low of 0.89330 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89330 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.90136 |
| R2 | 0.89929 |
| R1 | 0.89744 |
| Daily Pivot | 0.89537 |
| S1 | 0.89352 |
| S2 | 0.89145 |
| S3 | 0.8896 |
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