USDCHF on Thursday rose 0.48% to 0.86696. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.48%41.1 Pips
Week to-date-0.08%-6.8 Pips
January3.08%258.7 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Gross Domestic Product Price Index in Q4 preliminary estimate below forecast and dropped to 1.5% compared to previous figure 3.3% in Q3 Source: Bureau of Economic Analysis
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q4 preliminary estimate unchanged at 2% compared to previous report in Q3. The actual figure is also in line with the forecast Source: Bureau of Economic Analysis
🇺🇸 U.S. Durable Goods Orders excluding Transportation in December exceed forecast and rose to 0.6% compared to previous figure 0.4, revised from 0.5% in November Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Thursday rose 0.48% to 0.86696. 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 0.86354 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.86847 or trades above daily pivot 0.866. Break above could target R1 at 0.86943. While to the downside, we are looking at 0.86354 (S1) and daily low of 0.86258 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.86847 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:

R30.87532
R20.87189
R10.86943
Daily Pivot0.866
S10.86354
S20.86011
S30.85765

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