USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.24% | 21.6 Pips |  |
||
| Week to-date | 0.15% | 13.1 Pips | |
||
| June | -1.67% | -152.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Chicago Fed National Activity Index in May below forecast and dropped to -0.15 points compared to previous figure 0.07 points in April 
🇨🇭 Switzerland SNB Interest Rate Decision (Policy Rate) rose to 1.75% compared to previous rate 1.5% Swiss National Bank
What can we expect from USDCHF today?
USDCHF on Thursday rose 0.24% to 0.89500. 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 0.89129 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89730 or trades above daily pivot 0.8943. Break above could target R1 at 0.898. While to the downside, we are looking at 0.89129 (S1) and daily low of 0.89059 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89730 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.90471 |
| R2 | 0.90101 |
| R1 | 0.898 |
| Daily Pivot | 0.8943 |
| S1 | 0.89129 |
| S2 | 0.88759 |
| S3 | 0.88458 |
You might be interested in:
2023-06-22 – Monetary policy assessment of 22 June 2023. SNB Construction prices rose by 1.0% in April 2023. Federal Statistical Office
Powell, Semiannual Monetary Policy Report to the Congress. Federal Reserve Business Formation Statistics. Census Bureau New Residential Construction. Census Bureau
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