USDCHF Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.05% | -4.5 Pips |  |
||
| Week to-date | -0.1% | -9 Pips | |
||
| December | -0.46% | -40.4 Pips | |
||
Upcoming key events (London Time)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
What happened lately
As there are no major economic news reports, the current focus shifts to upcoming events that could impact the USDCHF currency pair. The scheduled release of the U.S. Consumer Price Index (CPI) Inflation Rate for the 12-month period is set for Wednesday at 01:30 PM. This high-impact news event is significant as it gauges inflation changes, affecting the Federal Reserve’s monetary policy decisions. Investors and traders often keep a close eye on CPI figures as they provide insights into inflation trends, influencing interest rates.
The recent small drop in USDCHF by 0.05% on Monday to 0.87830 indicates a phase of consolidation for the currency pair. This movement implies that market participants might be waiting for new data or significant news events such as the upcoming U.S. CPI figures to determine the future direction of the currency pair.
A higher-than-expected CPI rate could strengthen the US dollar (USD) as it may lead to tighter monetary policy or interest rate hikes from the Federal Reserve, making the currency more attractive to investors seeking higher yields. A stronger USD would likely result in an increase in the USDCHF exchange rate as demand for USD rises. Conversely, a lower-than-anticipated CPI rate might suggest weaker inflation pressures, potentially delaying any aggressive Fed rate moves, which could weaken the USD. If the USD weakens, the USDCHF exchange rate may fall as a result, given the pair’s inverse relationship.
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Monday dropped -0.05% to 0.87830. 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 0.87595 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.88041 or trades above daily pivot 0.87818. Break above could target R1 at 0.88053. While to the downside, we are looking at 0.87595 (S1) and daily low of 0.87583 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.87583 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.88511 |
| R2 | 0.88276 |
| R1 | 0.88053 |
| Daily Pivot | 0.87818 |
| S1 | 0.87595 |
| S2 | 0.8736 |
| S3 | 0.87137 |
#USDCHF Trending on Twitter
[custom-twitter-feeds hashtag=”#USDCHF” num=3 showheader=false]