USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.38% | -33.4 Pips |  |
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| Week to-date | -0.53% | -46.4 Pips |  |
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| December | -0.01% | -1 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate) Thu 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. CPI Inflation Rate (12-mth) in November dropped to 3.1% compared to previous figure 3.2% in October Source: Bureau of Labor Statistics
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.38% to 0.87504. Price is below 9-Day EMA while Stochastic is falling.
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 0.87201 with break below could see further selling pressure towards S2 at 0.86899. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.87840 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.87218 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 | 0.88445 |
| R2 | 0.88143 |
| R1 | 0.87823 |
| Daily Pivot | 0.87521 |
| S1 | 0.87201 |
| S2 | 0.86899 |
| S3 | 0.86579 |
