USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.26% | -22.6 Pips |  |
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| Week to-date | -0.44% | -37.6 Pips | |
||
| August | -2.94% | -257.9 Pips | |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇨🇭 Switzerland Real Retail Trade (12-mth) in June dropped to -2.2%, compared to the revised figure of -0.2% in May, initially reported as 0.4%. Source: Federal Statistical Office
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What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.26% to 0.85234. 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 0.84921 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.85717 or trades above daily pivot 0.85319. Break above could target R1 at 0.85632. While to the downside, we are looking at 0.84921 (S1) and daily low of 0.85006 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.85006 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:
| R3 | 0.86343 |
| R2 | 0.8603 |
| R1 | 0.85632 |
| Daily Pivot | 0.85319 |
| S1 | 0.84921 |
| S2 | 0.84608 |
| S3 | 0.8421 |
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