USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.61%	52.8 Pips
Week to-date	0.82%	71.4 Pips
August	0.8%	69.9 Pips

Upcoming key events (London Time)

Thu 07:30 AM CHF CPI Inflation Rate (12-mth)
Thu 03:00 PM USD ISM Services PMI
Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

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 Wednesday rose 0.61% to 0.87710. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87267 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88059 or trades above daily pivot 0.87663. Break above could target R1 at 0.88106. While to the downside, we are looking at 0.87267 (S1) and daily low of 0.87220 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.88059 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.82% over the past few days.

Key levels to watch out:

You might be interested in:

Construction Spending. Census Bureau
Gross Domestic Product for Puerto Rico, 2021. Bureau of Economic Analysis