USDCHF Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.65% | -53.0 Pips | ▼ |
| Week to-date | -0.55% | -45.0 Pips | ▼ |
| July | 0.68% | 55.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) |
| Sat 06:00 AM | CHF | NONE | National Holiday |
What can we expect from USDCHF today?
The USDCHF pair closed at 0.81360 on Tuesday, marking a daily decline of 0.65%. With the price currently below the 9-day EMA and a bearish daily outlook, traders are watching for potential movements in either direction today.
📈 Bull Scenario A bullish scenario for USDCHF could emerge if the pair manages to break above the daily pivot of 0.81577. A sustained move past this level could target the first resistance at 0.81843, with further upside potential towards the second resistance at 0.82327. The rising stochastic indicator may support this upward momentum. | 📉 Bear Scenario Conversely, a bearish continuation may occur if USDCHF falls below the first support level at 0.81093. A breach of this level could see the pair testing the second support at 0.80827. Given the current bearish daily outlook and the price trading below the 9-day EMA, downside risks remain prominent. |
Key levels to watch out:
| R3 | 0.82593 |
| R2 | 0.82327 |
| R1 | 0.81843 |
| Daily Pivot | 0.81577 |
| S1 | 0.81093 |
| S2 | 0.80827 |
| S3 | 0.80343 |