USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.8% | 70.8 Pips |  |
||
| Week to-date | 0.06% | 5.3 Pips |  |
||
| June | -1.34% | -120.9 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June dropped to 1.3 points compared to previous figure 4.5 points in May 
🇨🇭 Switzerland SNB Interest Rate Decision (Policy Rate) dropped to 1.25% compared to previous rate 1.5% Source: Swiss National Bank
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What can we expect from USDCHF today?
USDCHF on Thursday rose 0.8% to 0.89126. Price is above 9-Day EMA while Stochastic is rising.
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 0.89485 with break above could target R2 at 0.89843 or figure level area. While towards the downside, we are looking at daily low of 0.88318 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89260 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 | 0.90427 |
| R2 | 0.89843 |
| R1 | 0.89485 |
| Daily Pivot | 0.88901 |
| S1 | 0.88543 |
| S2 | 0.87959 |
| S3 | 0.87601 |
