USDCHF on Wednesday rose 0.13% to 0.87843. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday0.13%11.3 Pips
Week to-date0.1%9.2 Pips
March-0.68%-59.7 Pips

Upcoming key events (London Time)

Thu 12:30 PM USD PPI excluding Food and Energy sectors (12-mth)
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What happened lately

🇺🇸 U.S. Monthly Budget Statement in February dropped to -296$ compared to previous figure -22$ in January Source: Bureau of the Fiscal Service

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.13% to 0.87843. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87702 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87895 or trades above daily pivot 0.87799. Break above could target R1 at 0.87939. While to the downside, we are looking at 0.87702 (S1) and daily low of 0.87658 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87895 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:

R30.88176
R20.88036
R10.87939
Daily Pivot0.87799
S10.87702
S20.87562
S30.87465

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