USDCHF on Thursday dropped -0.08% to 0.87350. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Thursday
Thursday-0.08%-7.3 Pips
Week to-date0.79%68.1 Pips
February1.41%121.6 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Thursday dropped -0.08% to 0.87350. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87189 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87608 or trades above daily pivot 0.87399. Break above could target R1 at 0.87559. While to the downside, we are looking at 0.87189 (S1) and daily low of 0.87238 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87238 would indicate selling pressure.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.79% over the past few days.

Key levels to watch out:

Daily Pivot0.87399

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