USDCHF on Thursday dropped 0% to 0.87669. Pair in consolidation. What we know.
|Performance after Thursday|
|Week to-date||0.49%||42.7 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:
You might be interested in:
CPI for all items rises 0.2% in July; shelter up. Bureau of Labor Statistics
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