USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -1.03% | -93.2 Pips |  |
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| Week to-date | -1.27% | -114.7 Pips | |
||
| June | -2.09% | -189.9 Pips |  |
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Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 In the week ending 10 June, Initial Unemployment Insurance Claims in U.S. was unchanged at 262K compared to previous figure 262K (revised from 261K) Department of Labor 🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June below forecast and dropped to -13.7 points compared to previous figure -10.4 points in May 🇺🇸 U.S. Monthly Retail Trade (1-mth) in May exceed forecast and dropped to 0.3% compared to previous figure 0.4, revised from 0.4% in April Census Bureau 🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1% 🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve
What can we expect from USDCHF today?
USDCHF on Thursday dropped -1.03% to 0.89125. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at S1 0.88603 with break below could see further selling pressure towards S2 at 0.8808. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.90562 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89060 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.27%.
Key levels to watch out:
| R3 | 0.91607 |
| R2 | 0.91084 |
| R1 | 0.90105 |
| Daily Pivot | 0.89582 |
| S1 | 0.88603 |
| S2 | 0.8808 |
| S3 | 0.87101 |
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Advanced Monthly Sales for Retail and Food Services. Census Bureau Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting. Federal Reserve Federal Reserve issues FOMC statement. Federal Reserve CPI for all items rises 0.1% in May; shelter and used cars and trucks up. Bureau of Labor Statistics
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