USDCHF on Tuesday dropped -0.7% to 0.92210. What we know.

USDCHF on Tuesday dropped -0.7% to 0.92210. What we know.

USDCHF Analysis

Open High Low Close
0.92899 0.93171 0.92070 0.92210

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.7% -64.6 Pips
Week to-date -0.39% -36 Pips
March -2.12% -199.4 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference
Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate)
Thu 08:30 AM CHF SNB Monetary Policy Assessment

What happened lately

No major activities.

USDCHF Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.7% to 0.92210. 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 0.91796 (S1) with break below could see further selling pressure towards 0.91383 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.93171 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.92070 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.93998
R2 0.93585
R1 0.92897
Daily Pivot 0.92484
S1 0.91796
S2 0.91383
S3 0.90695

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