USDCHF on Wednesday rose 0.19% to 0.86252. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.19%	16.4 Pips
Week to-date	-0.87%	-75.6 Pips
December	-1.44%	-125.9 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Housing Starts (1-mth) in November exceed forecast and rose to 1.56M compared to previous figure 1.359, revised from 1.372M in October Source: Census Bureau
🇺🇸 U.S. Building Permits (1-mth) in November below forecast and dropped to 1.46M compared to previous figure 1.498, revised from 1.487M in October Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.19% to 0.86252. 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 0.86006 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.86509 or trades above daily pivot 0.86258. Break above could target R1 at 0.86503. While to the downside, we are looking at 0.86006 (S1) and daily low of 0.86012 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.86509 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.87%.

Key levels to watch out: