USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.07% | 6.4 Pips |  |
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| Week to-date | 0.4% | 35.7 Pips |  |
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| July | 0.4% | 35.6 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
Thu 07:30 AM CHF CPI Inflation Rate (12-mth)
What happened lately
🇨🇭 Switzerland Real Retail Trade (12-mth) in May dropped to 0.4% compared to previous figure 2.2, revised from 2.7% in April Source: Federal Statistical Office
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What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.07% to 0.90377. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.90492 with break above could target R2 at 0.90606 or figure level area. While towards the downside, we are looking at daily low of 0.90271 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90496 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.90717 |
| R2 | 0.90606 |
| R1 | 0.90492 |
| Daily Pivot | 0.90381 |
| S1 | 0.90267 |
| S2 | 0.90156 |
| S3 | 0.90042 |
