USDCHF on Thursday rose 0.05% to 0.88838. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.05%	4.2 Pips
Week to-date	-1.45%	-131.1 Pips
November	-2.36%	-214.9 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in October dropped to -0.6% compared to previous figure 0.1% (revised from 0.3%)
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in November below forecast and improved to -5.9 points compared to previous figure -9 points in October
🇺🇸 U.S. New York Empire State Manufacturing Index in November exceed forecast and rose to 9.1 points compared to previous figure -4.6 points in October
🇺🇸 U.S. Producer Price Index (12-mth) in October below forecast and dropped to 1.3% compared to previous figure 2.2% in September

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Thursday rose 0.05% to 0.88838. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.88584 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89000 or trades above daily pivot 0.88792. Break above could target R1 at 0.89046. While to the downside, we are looking at 0.88584 (S1) and daily low of 0.88538 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89000 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.45%.

Key levels to watch out:

You might be interested in:

Manufacturing and Trade Inventories and Sales. Census Bureau
Advance Monthly Sales for Retail and Food Services. Census Bureau
CPI for all items unchanged in October; shelter up. Bureau of Labor Statistics
Producer and Import Price Index rose by 0.2% in October. Federal Statistical Office