USDCHF on Monday rose 0.1% to 0.84657. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.1%	8.6 Pips
Week to-date	0.07%	5.5 Pips
August	-3.59%	-315.4 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Durable Goods Orders excluding Transportation in July dropped to -0.2% from the revised June figure of 0.4%, which was initially reported as 0.5%. Source: Census Bureau
U.S. Durable Goods Orders excluding Defense in July increased to 10.4%, compared to the revised figure of -7.2% (previously -7%) in June. Source: Census Bureau
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in July dropped to -0.1% from a revised 0.9% in June. Source: Census Bureau
🇺🇸 U.S. Durable Goods – New Orders in July rose to 9.9%, compared to the previous figure of -6.7%, revised from -6.6% in June. Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Monday rose 0.1% to 0.84657. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.84522 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.84856 or trades above daily pivot 0.84689. Break above could target R1 at 0.84824. While to the downside, we are looking at 0.84522 (S1) and daily low of 0.84554 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.84856 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

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