USDCHF on Thursday rose 0.66% to 0.88459. End February up by 2.7% or 232.4 pips higher. What we know.

USDCHF Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.66%57.7 Pips
Week to-date0.46%40.5 Pips
February2.7%232.4 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Personal Consumption Expenditures – Price Index (1-mth) in January rose to 0.3% compared to previous figure 0.2% in December
🇺🇸 U.S. Personal Income (1-mth) in January rose to 1% compared to previous figure 0.3% in December Source: Bureau of Economic Analysis
🇨🇭 Switzerland GDP (seasonally adjusted) (3-mth) in Q4 unchanged at 0.3% compared to previous report in Q3. Source: State Secretariat for Economic Affairs
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q4 flash estimate rose to 2.1% compared to previous figure 2% in Q3 Source: Bureau of Economic Analysis
🇺🇸 U.S. GDP Annualized in Q4 flash estimate dropped to 3.2% compared to previous figure 3.3% in Q3 Source: Bureau of Economic Analysis

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What can we expect from USDCHF today?

USDCHF on Thursday rose 0.66% to 0.88459. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.88703 with break above could target R2 at 0.88947 or figure level area. While towards the downside, we are looking at daily low of 0.87789 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.88490 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 0.46% over the past few days.

USDCHF ended month of February trading session up by 2.7% or 232.4 pips higher.

Key levels to watch out:

R30.89404
R20.88947
R10.88703
Daily Pivot0.88246
S10.88002
S20.87545
S30.87301

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