USDCHF on Tuesday dropped -0.25% to 0.89349. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.25%	-22.7 Pips
Week to-date	-0.38%	-34 Pips
July	-0.74%	-66.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Retail Trade Control Group in June rose to 0.9% compared to previous figure 0.4% in May Source: Census Bureau

Latest from X (Twitter)

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What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.25% to 0.89349. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks bearish as the pair posted lower in Tuesday trading session.

Looking ahead for the day, immediate support level is at S1 0.89165 with break below could see further selling pressure towards S2 at 0.8898. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.89790 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89293 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:

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