USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.32%	27.9 Pips
Week to-date	0.34%	29.4 Pips
August	0.32%	27.9 Pips

Upcoming key events (London Time)

Wed 01:15 PM USD ADP Non-Farm Employment Change
Thu 07:30 AM CHF CPI Inflation Rate (12-mth)
Thu 03:00 PM USD ISM Services PMI

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in June dropped to 9.582M compared to previous figure 9.616M (revised from 9.824M)

What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.32% to 0.87299. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.87681 with break above could target R2 at 0.88064 or figure level area. While towards the downside, we are looking at daily low of 0.87110 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.87778 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:

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