USDCHF on Wednesday rose 0.03% to 0.88430. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.03%	2.8 Pips
Week to-date	-0.72%	-64.3 Pips
June	-2.1%	-189.8 Pips

Upcoming key events (London Time)

Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate)

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in May rose to 0.9% compared to previous figure 0% in April
🇺🇸 U.S. Monthly Retail Trade (1-mth) in May rose to 0.1% compared to previous figure -0.2, revised from 0% in April Source: Census Bureau

Latest from X (Twitter)

Tweets by Swiss Statistics

What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.03% to 0.88430. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.88312 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88544 or trades above daily pivot 0.88428. Break above could target R1 at 0.88546. While to the downside, we are looking at 0.88312 (S1) and daily low of 0.88310 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.88544 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.72%.

Key levels to watch out: