USDCHF on Thursday rose 0.39% to 0.89865. What we know.

USDCHF Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.39%	34.5 Pips
Week to-date	0.51%	45.5 Pips
June	-0.52%	-46.6 Pips

Upcoming key events (London Time)

Fri 02:00 AM USD Presidential Debate
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Gross Domestic Product Price Index in Q1 unchanged at 3.1% compared to previous report in Q4. Source: Bureau of Economic Analysis
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 rose to 3.7% compared to previous figure 3.6% in Q4 Source: Bureau of Economic Analysis
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in May dropped to -0.6% compared to previous figure 0.2, revised from 0.3% in April Source: Census Bureau
🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q1 rose to 3.4% compared to previous figure 3.3% in Q4 Source: Bureau of Economic Analysis
🇺🇸 In the week ending 22 June, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 238K Source: Department of Labor
🇺🇸 U.S. Durable Goods Orders excluding Transportation in May dropped to -0.1% compared to previous figure 0.4% in April Source: Census Bureau
🇺🇸 U.S. Durable Goods Orders excluding Defense in May dropped to -0.2% compared to previous figure 0% in April Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Thursday rose 0.39% to 0.89865. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.89979 with break above could target R2 at 0.90093 or figure level area. While towards the downside, we are looking at daily low of 0.89569 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89888 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.51% over the past few days.

Key levels to watch out: