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USDCHF on Monday dropped -0.13% to 0.9500. Pair in consolidation. How it happened.
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Monday
Open High Low Close
0.95296 0.95313 0.94760 0.95001
Performance after Monday
Period Pct Chg Momentum
Monday -0.13% -11.9 Pips
Week to-date -0.13% -11.9 Pips
July -0.41% -39 Pips

Upcoming key events (London Time)

Wed 03:00 PM USD ISM Services PMI

What happened lately

📆 ☢️ 🇺🇸 USD ISM Manufacturing PMI in July exceed forecast and dropped to 52.8 points compared to previous figure 53 points in June. Source
📆 🇺🇸 USD S&P Global Manufacturing PMI in July below forecast and dropped to 52.2 points compared to previous figure 52.3 points in June. Source


What can we expect from USDCHF today?

USDCHF on Monday dropped -0.13% to 0.9500. Price is below 9-Day EMA while Stochastic is falling but in oversold zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.94736 (S1).

Looking ahead today, we are looking at 0.9594 or 0.95289 (R1) as important resistance level while to the downside, the daily low of 0.9476 and 0.94736 (S1) as key support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.9476 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.95842
R2 0.95578
R1 0.95289
Daily Pivot 0.95025
S1 0.94736
S2 0.94472
S3 0.94183

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Last updated: 12:37 am UTC, 02-Aug 2022

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