USDCHF on Tuesday dropped -0.34% to 0.87726. What we know.

USDCHF Analysis

Performance after Tuesday
Tuesday-0.34%-29.9 Pips
Week to-date-0.57%-49.9 Pips
November-3.58%-325.4 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD GDP Annualized
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. New-Home Sales Change (1-mth) in October below forecast and dropped to -5.6% compared to previous figure 8.6, revised from 12.3% in September

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Tuesday dropped -0.34% to 0.87726. 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 0.87493 with break below could see further selling pressure towards S2 at 0.8726. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.88189 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.87608 would indicate selling pressure.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.57%.

Key levels to watch out:

Daily Pivot0.87841

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