USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.41% | -36.6 Pips |  |
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| Week to-date | -1.37% | -123.2 Pips |  |
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| June | -1.37% | -123.2 Pips | |
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Upcoming key events (London Time)
Fri 01:30 PM USD Nonfarm Payroll Employment Fri 01:30 PM USD Average Hourly Earnings (12-mth)
What happened lately
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q1 dropped to 0.2% compared to previous figure 0.3% in Q4 Source: Bureau of Labor Statistics
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Thursday dropped -0.41% to 0.88955. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.88779 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89310 or trades above daily pivot 0.89044. Break above could target R1 at 0.89221. While to the downside, we are looking at 0.88779 (S1) and daily low of 0.88868 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.88868 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.37%.
Key levels to watch out:
| R3 | 0.89663 |
| R2 | 0.89486 |
| R1 | 0.89221 |
| Daily Pivot | 0.89044 |
| S1 | 0.88779 |
| S2 | 0.88602 |
| S3 | 0.88337 |
