USDCHF on Wednesday rose 0.22% to 0.89865. What we know.

USDCHF Analysis

Performance after Wednesday
Wednesday0.22%19.5 Pips
Week to-date0.43%38.8 Pips
July0.43%38.8 Pips

Upcoming key events (London Time)

Thu 01:15 PM USD ADP Non-Farm Employment Change
Thu 03:00 PM USD ISM Services PMI
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

No major activities.

USDCHF 4-hour Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.22% to 0.89865. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.90005 with break above could target R2 at 0.90144 or figure level area. While towards the downside, we are looking at daily low of 0.89610 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89947 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:

Daily Pivot0.89807

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Minutes of the Federal Open Market Committee, June 13-14, 2023. Federal Reserve
Construction Spending. Census Bureau
Swiss Consumer Price Index in June 2023 – Consumer prices increased by 0.1% in June. Federal Statistical Office

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