USDCHF on Wednesday dropped -0.19% to 0.85064. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday-0.19%-16.2 Pips
Week to-date0.14%11.9 Pips
January1.14%95.5 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD CPI Inflation Rate (12-mth)
Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from USDCHF today?

USDCHF on Wednesday dropped -0.19% to 0.85064. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.84931 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.85354 or trades above daily pivot 0.85142. Break above could target R1 at 0.85276. While to the downside, we are looking at 0.84931 (S1) and daily low of 0.85009 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.85009 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:

R30.85621
R20.85487
R10.85276
Daily Pivot0.85142
S10.84931
S20.84797
S30.84586

Leave a comment

Your email address will not be published. Required fields are marked *