USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.17% | -14.7 Pips |  |
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| Week to-date | -1.55% | -139.5 Pips | |
||
| November | -2.45% | -223.3 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 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 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in October below forecast and dropped to 0.2% compared to previous figure 0.3% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate (12-mth) in October below forecast and dropped to 3.2% compared to previous figure 3.7% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate (1-mth) in October below forecast and dropped to 0% compared to previous figure 0.4% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in October below forecast and dropped to 4% compared to previous figure 4.1% in September Bureau of Labor Statistics
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What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.17% to 0.88754. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at S1 0.88518 with break below could see further selling pressure towards S2 at 0.88282. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.89030 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.88538 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.55%.
Key levels to watch out:
| R3 | 0.89502 |
| R2 | 0.89266 |
| R1 | 0.8901 |
| Daily Pivot | 0.88774 |
| S1 | 0.88518 |
| S2 | 0.88282 |
| S3 | 0.88026 |
You might be interested in:
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 Business Formation Statistics. Census Bureau
