USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.68% | 57.7 Pips |  |
||
| Week to-date | 0.43% | 36.7 Pips |  |
||
| August | -2.1% | -184.6 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇨🇭 Switzerland Real Retail Trade (12-mth) in June dropped to -2.2%, compared to the revised figure of -0.2% in May, initially reported as 0.4%. Source: Federal Statistical Office
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What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.68% to 0.85977. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.86651 with break above could target R2 at 0.87326 or figure level area. While towards the downside, we are looking at daily low of 0.85240 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.86620 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:
| R3 | 0.88031 |
| R2 | 0.87326 |
| R1 | 0.86651 |
| Daily Pivot | 0.85946 |
| S1 | 0.85271 |
| S2 | 0.84566 |
| S3 | 0.83891 |
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