USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.26% | 22.3 Pips |  |
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| Week to-date | 0.7% | 60.8 Pips | |
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| December | -0.02% | -1.7 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in October below forecast and dropped to 8.733M compared to previous figure 9.35, revised from 9.553M in September Source: Bureau of Labor Statistics 🇺🇸 U.S. Factory Orders (1-mth) in October exceed forecast and dropped to -3.6% compared to previous figure 2.3, revised from 2.8% in September Source: Census Bureau
🇨🇭 Switzerland CPI Inflation Rate (12-mth) in November below forecast and dropped to 1.4% compared to previous figure 1.7% in October Source: Federal Statistical Office
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What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.26% to 0.87496. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87203 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87661 or trades above daily pivot 0.87432. Break above could target R1 at 0.87725. While to the downside, we are looking at 0.87203 (S1) and daily low of 0.87139 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87661 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 | 0.88247 |
| R2 | 0.87954 |
| R1 | 0.87725 |
| Daily Pivot | 0.87432 |
| S1 | 0.87203 |
| S2 | 0.8691 |
| S3 | 0.86681 |
