USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.19% | -16.2 Pips |  |
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| Week to-date | 0.14% | 11.9 Pips |  |
||
| January | 1.14% | 95.5 Pips | |
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Upcoming key events (London Time)
Thu 01:30 PM USD CPI Inflation Rate (12-mth) Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
What happened lately
No major activities.
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What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.19% to 0.85064. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.84931 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.85354 or trades above daily pivot 0.85142. Break above could target R1 at 0.85276. While to the downside, we are looking at 0.84931 (S1) and daily low of 0.85009 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.85009 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.85621 |
| R2 | 0.85487 |
| R1 | 0.85276 |
| Daily Pivot | 0.85142 |
| S1 | 0.84931 |
| S2 | 0.84797 |
| S3 | 0.84586 |
