USDCHF on Wednesday rose 0.17% to 0.87704. Pair in consolidation. What we know.
|Performance after Wednesday|
|Week to-date||0.53%||46.5 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD CPI Inflation Rate (1-mth)
Thu 01:30 PM USD CPI Inflation Rate (12-mth)
Fri 01:30 PM USD Producer Price Index excluding Food and Energy sectors (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.17% to 0.87704. 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 0.87394 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87827 or trades above daily pivot 0.8761. Break above could target R1 at 0.87921. While to the downside, we are looking at 0.87394 (S1) and daily low of 0.87300 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87827 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:
You might be interested in:
Monthly Wholesale Trade: Sales and Inventories. Census Bureau
U.S. International Trade in Goods and Services, June 2023. Bureau of Economic Analysis
U.S. International Trade in Goods and Services. Census Bureau