USDCHF on Tuesday dropped -0.27% to 0.84970. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.27%	-22.7 Pips
Week to-date	-0.09%	-8 Pips
September	0.33%	28.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇨🇭 Switzerland’s seasonally adjusted GDP for Q2 increased to 0.7% from the previous 0.5% in Q1. Source: State Secretariat for Economic Affairs
🇨🇭 Switzerland’s GDP (12-mth) in Q2 rose to 1.8%, compared to the previous figure of 0.6% in Q1. Source: State Secretariat for Economic Affairs
Switzerland’s Swiss CPI inflation rate (12-month) in August dropped to 1.1% from the previous figure of 1.3% in July. Source: Federal Statistical Office (FSO)
🇨🇭 The Swiss CPI Inflation Rate for August rose to 0% from -0.2% in July. Source: Federal Statistical Office (FSO)

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.27% to 0.84970. Price is below 9-Day EMA while Stochastic is rising.

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 0.84705 with break below could see further selling pressure towards S2 at 0.84441. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.85376 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.84776 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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