USDCHF Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0%	-0.1 Pips
Week to-date	0.49%	42.7 Pips
August	0.74%	64.6 Pips

Upcoming key events (London Time)

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

🇺🇸 In the week ending 05 August, U.S. Initial Unemployment Insurance Claims rose to 248K compared to previous figure 227K Department of Labor

What can we expect from USDCHF today?

USDCHF on Thursday dropped 0% to 0.87669. 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 0.87121 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87766 or trades above daily pivot 0.87444. Break above could target R1 at 0.87991. While to the downside, we are looking at 0.87121 (S1) and daily low of 0.86896 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.86896 would indicate selling pressure.

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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