USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.35% | -29.6 Pips |  |
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| Week to-date | 0.33% | 28 Pips |  |
||
| September | -0.02% | -1.6 Pips |  |
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What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.35% to 0.84674. 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 0.84493 with break below could see further selling pressure towards S2 at 0.84312. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.84987 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.84559 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 | 0.85349 |
| R2 | 0.85168 |
| R1 | 0.84921 |
| Daily Pivot | 0.8474 |
| S1 | 0.84493 |
| S2 | 0.84312 |
| S3 | 0.84065 |
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