USDCHF on Thursday rose 0.15% to 0.87503. End November down by -3.82% or -347.7 pips lower. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.15%12.9 Pips
Week to-date-0.82%-72.2 Pips
November-3.82%-347.7 Pips

Upcoming key events (London Time)

Fri 08:00 AM CHF GDP (seasonally adjusted) (3-mth)
Fri 04:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. Personal Spending in October dropped to 0.2% compared to previous figure 0.7% in September Source: Bureau of Economic Analysis
🇺🇸 In the week ending 25 November, U.S. Initial Unemployment Insurance Claims rose to 218K compared to previous figure 211K (revised from 209K) Source: Department of Labor
🇨🇭 Switzerland Real Retail Trade (12-mth) in October below forecast and improved to -0.1% compared to previous figure -1.2, revised from -0.6% in September Source: Federal Statistical Office
🇨🇭 Switzerland ZEW Survey – Expectations in November below forecast and improved to -29.6 points compared to previous figure -37.8 points in October Source: ZEW

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What can we expect from USDCHF today?

USDCHF on Thursday rose 0.15% to 0.87503. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.86989 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87708 or trades above daily pivot 0.87349. Break above could target R1 at 0.87862. While to the downside, we are looking at 0.86989 (S1) and daily low of 0.86835 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87708 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.82%.

USDCHF ended month of November trading session down by -3.82% or -347.7 pips lower.

Key levels to watch out:

R30.88735
R20.88222
R10.87862
Daily Pivot0.87349
S10.86989
S20.86476
S30.86116

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