Overview
The US Dollar remains stable despite slowing momentum, with key economic data, FOMC decisions, and US elections coming in early November.
Markets may be pricing in a potential Trump win, which could strengthen the USD due to expected growth and fewer rate cuts, although not all markets agree.
USDCHF Technical Analysis – Daily
On the daily chart, USDCHF is trending upward, targeting resistance at 0.8730, where sellers may engage. A drop to 0.8333 is possible if sellers dominate, while buyers will aim for a breakout towards 0.89.
USDCHF Technical Analysis – 4 Hour
The 4-hour chart shows an upward trendline indicating bullish momentum. Buyers will look to maintain this trend, while sellers await a break below to target 0.8550.
USDCHF Technical Analysis – 1 Hour
The 1-hour chart reveals minor support at 0.8640. Sellers need to break this level to aim for 0.8550, while buyers may enter if the price pulls back to 0.8640. The red lines indicate today’s average daily range.
Upcoming Catalysts
This week has limited market-moving data, with significant releases expected later on. Thursday will feature the Flash Japanese and US PMIs plus US Jobless Claims figures.
