USDCHF on Tuesday dropped -0.2% to 0.86475. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.2%	-17.7 Pips
Week to-date	-0.03%	-2.9 Pips
August	-1.52%	-133.6 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Thu 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

🇺🇸 In July, the U.S. Producer Price Index excluding Food & Energy dropped to 0% compared to the revised June figure of 0.3%, previously reported as 0.4%. Source: Bureau of Labor Statistics
🇺🇸 The U.S. Producer Price Index (12-month) for July dropped to 2.2%, down from the revised June figure of 2.7%, which was initially reported as 2.6%. Source: Bureau of Labor Statistics
The U.S. PPI excluding Food and Energy sectors (12-month) in July dropped to 2.4% compared to the previous figure of 3% in June.
🇺🇸 In July, the U.S. Producer Price Index (1-mth) dropped to 0.1% from 0.2% in June. Source: Bureau of Labor Statistics
🇺🇸 The U.S. Monthly Treasury Budget Statement in July dropped to -$244 billion compared to -$66 billion in June. Source: Bureau of the Fiscal Service

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.2% to 0.86475. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.86283 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.86800 or trades above daily pivot 0.86542. Break above could target R1 at 0.86733. While to the downside, we are looking at 0.86283 (S1) and daily low of 0.86350 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.86350 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:

#USDCHF Trending on Twitter

[custom-twitter-feeds hashtag=”#USDCHF” num=3 showheader=false]

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.