USDCHF on Thursday rose 0.25% to 0.89898. What we know.
USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.25% | 22.5 Pips |  | ||
| Week to-date | 0.65% | 57.8 Pips |  | ||
| October | -1.73% | -157.8 Pips |  | ||
Upcoming key events (London Time)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth) Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
What happened lately
🇺🇸 U.S. Durable Goods Orders excluding Defense in September rose to 5.8% compared to previous figure -0.7% in August Census Bureau 🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q3 preliminary estimate exceed forecast and rose to 2.9% compared to previous figure 2.5% in Q2 Bureau of Economic Analysis 🇺🇸 In the week ending 21 October, U.S. Initial Unemployment Insurance Claims rose to 210K compared to previous figure 198K Department of Labor 🇺🇸 U.S. GDP Annualized in Q3 preliminary estimate exceed forecast and rose to 4.9% compared to previous figure 2.1% in Q2 Bureau of Economic Analysis
🇨🇭 Switzerland ZEW Survey – Expectations in October exceed forecast and dropped to -37.8 points compared to previous figure -27.6 points in September ZEW
What can we expect from USDCHF today?
USDCHF on Thursday rose 0.25% to 0.89898. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.90088 with break above could target R2 at 0.90278 or figure level area. While towards the downside, we are looking at daily low of 0.89628 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90048 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:
| R3 | 0.90508 |
| R2 | 0.90278 |
| R1 | 0.90088 |
| Daily Pivot | 0.89858 |
| S1 | 0.89668 |
| S2 | 0.89438 |
| S3 | 0.89248 |
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