USDCHF Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.16% | -13.0 Pips | ▼ |
| Week to-date | -0.5% | -40.0 Pips | ▼ |
| June | 1.52% | 119.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
| Thu 03:30 PM | CHF | HIGH | SNB Interest Rate Decision (Policy Rate) |
What can we expect from USDCHF today?
USDCHF is experiencing a mixed outlook today, with a slight decline of 0.16% in its daily performance, closing at 0.79290. Traders are watching closely as the pair hovers near its daily pivot of 0.7936.
📈 Bull Scenario If USDCHF manages to break above the daily pivot of 0.7936, it could trigger a bullish move. A sustained rise past the first resistance level at 0.7952 may open the path towards the second resistance at 0.7975. The rising stochastic indicator suggests potential upward momentum, which could support this scenario. | 📉 Bear Scenario On the downside, a drop below the first support level at 0.7913 could signal further bearish pressure. Should the pair continue to decline, the next support to watch is at 0.7897. Given that the price is currently below the 9-day EMA and the weekly outlook remains bearish, these support levels are critical for traders considering potential downside risks. |
Key levels to watch out:
| R3 | 0.7991 |
| R2 | 0.7975 |
| R1 | 0.7952 |
| Daily Pivot | 0.7936 |
| S1 | 0.7913 |
| S2 | 0.7897 |
| S3 | 0.7874 |