USDCHF on Tuesday dropped -0.94% to 0.85308. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.94%	-80.7 Pips
Week to-date	-1.67%	-145 Pips
August	-2.87%	-252 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.94% to 0.85308. 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 0.84979 with break below could see further selling pressure towards S2 at 0.84649. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.86264 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.85292 would indicate selling pressure.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.67%.

Key levels to watch out:

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