USDCHF on Tuesday rose 0.51% to 0.85227. What we know.

USDCHF on Tuesday rose 0.51% to 0.85227. What we know.

USDCHF Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.51% 43.4 Pips
Week to-date 0.33% 28.2 Pips
January 1.33% 111.8 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

🇨🇭 Switzerland CPI Inflation Rate (1-mth) in December exceed forecast and rose to 0% compared to previous figure -0.2% in November Source: Federal Statistical Office
🇨🇭 Switzerland Real Retail Trade (12-mth) in November rose to 0.7% compared to previous figure -0.3, revised from -0.1% in October Source: Federal Statistical Office

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.51% to 0.85227. Price is above 9-Day EMA while Stochastic is falling.

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 0.85485 with break above could target R2 at 0.85743 or figure level area. While towards the downside, we are looking at daily low of 0.84639 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.85320 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 0.86166
R2 0.85743
R1 0.85485
Daily Pivot 0.85062
S1 0.84804
S2 0.84381
S3 0.84123

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