USDCHF on Thursday rose 0.15% to 0.85025. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.15%12.6 Pips
Week to-date1.09%91.6 Pips
January1.09%91.6 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Challenger Job Cuts in December dropped to 34.817K compared to previous figure 45.51K in November
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in November below forecast and dropped to 8.79M compared to previous figure 8.852, revised from 8.733M in October Source: Bureau of Labor Statistics

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What can we expect from USDCHF today?

USDCHF on Thursday rose 0.15% to 0.85025. 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 0.84766 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.85288 or trades above daily pivot 0.85027. Break above could target R1 at 0.85286. While to the downside, we are looking at 0.84766 (S1) and daily low of 0.84768 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.85288 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:

R30.85806
R20.85547
R10.85286
Daily Pivot0.85027
S10.84766
S20.84507
S30.84246

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