USDCHF on Wednesday dropped -1.31% to 0.88261. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-1.31%	-116.9 Pips
Week to-date	-1.59%	-142.8 Pips
July	-1.95%	-175.9 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in June dropped to 0.9% compared to previous figure 1% (revised from 0.9%)
🇺🇸 U.S. Monthly Retail Trade (1-mth) in June dropped to 0% compared to previous figure 0.1% in May Source: Census Bureau

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Wednesday dropped -1.31% to 0.88261. Price is below 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate support level is at S1 0.87843 with break below could see further selling pressure towards S2 at 0.87426. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.89450 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.88229 would indicate selling pressure.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.59%.

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.