USDCHF on Wednesday rose 0.31% to 0.86425. What we know.

USDCHF Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday0.31%27.1 Pips
Week to-date1.47%125.4 Pips
January2.75%231.6 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in December rose to 0.1% compared to previous figure 0.2%
🇺🇸 U.S. Monthly Retail Trade excluding Automobile (1-mth) in December exceed forecast and rose to 0.4% compared to previous figure 0.2% in November

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.31% to 0.86425. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.86827 with break above could target R2 at 0.8723 or figure level area. While towards the downside, we are looking at daily low of 0.86072 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.86852 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 1.47% over the past few days.

Key levels to watch out:

R30.87607
R20.8723
R10.86827
Daily Pivot0.8645
S10.86047
S20.8567
S30.85267

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