USDCHF on Wednesday dropped -0.85% to 0.86267. What we know.

USDCHF Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday-0.85%-74.3 Pips
Week to-date-0.57%-49.7 Pips
January2.56%215.6 Pips

Upcoming key events (London Time)

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

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Wednesday dropped -0.85% to 0.86267. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks bearish as the pair posted lower in Wednesday trading session.

Looking ahead for the day, immediate support level is at S1 0.85887 with break below could see further selling pressure towards S2 at 0.85508. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.86994 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.86061 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R30.87753
R20.87374
R10.8682
Daily Pivot0.86441
S10.85887
S20.85508
S30.84954

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