USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.85% | -68.9 Pips |  |
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| Week to-date | -1.59% | -129.7 Pips | |
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| June | -2.08% | -170.6 Pips |  |
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Upcoming key events (London Time)
Wed 03:00 PM USD Federal Reserve Chair Jerome Powell testifies Thu 01:30 PM USD GDP annual rate
What happened lately
In the United States, the House Price Index for April 2025 saw a decline to -0.4%, down from -0.1% in the preceding month of March, as reported by the Federal Housing Finance Agency (FHFA). This data reflects a further decrease in house prices, suggesting a cooling housing market. The lower index may indicate weakening demand in the real estate sector, which could be a result of various macroeconomic factors such as interest rate fluctuations, policy changes, or shifts in consumer confidence. Such trends might have implications for market sentiment and investor confidence, potentially affecting other sectors within the U.S. economy.
The USDCHF currency pair experienced a notable drop of -0.85% on Tuesday, falling to a rate of 0.80476. The decline in the U.S. House Price Index could have contributed to this movement by negatively impacting the outlook for the U.S. economy, thereby putting downward pressure on the U.S. dollar. Additionally, upcoming high-impact events such as Federal Reserve Chair Jerome Powell’s testimony and the release of the U.S. GDP annual rate will likely further influence market expectations and currency valuations. Investors might anticipate potential insights into monetary policy direction or economic performance from these events, affecting investor behavior in forex markets.
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What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.85% to 0.80476. 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 0.80109 with break below could see further selling pressure towards S2 at 0.79742. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.81311 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.80343 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.59%.
Key levels to watch out:
| R3 | 0.82045 |
| R2 | 0.81678 |
| R1 | 0.81077 |
| Daily Pivot | 0.8071 |
| S1 | 0.80109 |
| S2 | 0.79742 |
| S3 | 0.79141 |
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