USDCHF on Tuesday rose 0.06% to 0.86168. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.06%4.9 Pips
Week to-date-0.23%-19.6 Pips
January2.45%205.9 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in December exceed forecast and rose to 9.026M compared to previous figure 8.925, revised from 8.79M in November Source: Bureau of Labor Statistics
🇺🇸 U.S. Housing Price Index (1-mth) in November unchanged at 0.3% compared to previous report in October.

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.06% to 0.86168. 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 0.86008 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.86430 or trades above daily pivot 0.86219. Break above could target R1 at 0.86379. While to the downside, we are looking at 0.86008 (S1) and daily low of 0.86059 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.86430 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:

R30.8675
R20.8659
R10.86379
Daily Pivot0.86219
S10.86008
S20.85848
S30.85637

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