USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.78% | 63.4 Pips |  |
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| Week to-date | 0.22% | 18.4 Pips |  |
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| June | 0.22% | 18.4 Pips | |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
In the United States, the economic indicators for April 2025 presented mixed signals. The Census Bureau reported a decline in new orders for manufactured goods, which dropped by 3.7% from the previous month, indicating potential weaknesses in the manufacturing sector. However, the U.S. job market exhibited resilience as reported by the Bureau of Labor Statistics. The Job Openings and Labor Turnover Survey (JOLTS) indicated an increase in job openings, rising to 7.391 million from 7.2 million in March. This uptick suggests continued robust demand for labor, potentially counterbalancing the negative impact of weaker manufacturing data.
In Switzerland, data from May 2025 showed varied economic conditions. Inflation, as measured by the Consumer Price Index (CPI), edged up slightly with a 1-month rate of 0.1% after a period of stagnation at 0%. The 12-month inflation rate similarly improved from a negative reading of -0.1%, suggesting mild inflationary pressures. Additionally, GDP data for Q1 2025 portrayed growth, with a year-over-year increase to 2% and a seasonally adjusted quarterly growth of 0.5%, both up from the previous periods. However, retail trade in Switzerland demonstrated signs of weakness as real turnover decreased to 1.3% from 2.2% the previous month, indicating challenges in consumer spending.
The USDCHF exchange rate’s rise by 0.78% to 0.82324 on Tuesday can be attributed to the prevailing economic data and its implications. The positive movement of USDCHF reflects investor perceptions, where the resilience in U.S. job openings appears to offset concerns regarding weaker manufacturing orders, enhancing the dollar’s strength relative to the Swiss Franc. Meanwhile, despite economic growth in Switzerland, the decrease in retail trade turnover may have contributed to weakening sentiment toward the Swiss Franc, making it less attractive compared to the dollar. Hence, the rise in USDCHF indicates a stronger U.S. dollar against a modestly stronger Swiss economy with consumer spending concerns.
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What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.78% to 0.82324. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.82671 with break above could target R2 at 0.83019 or figure level area. While towards the downside, we are looking at daily low of 0.81580 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.82473 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 | 0.83564 |
| R2 | 0.83019 |
| R1 | 0.82671 |
| Daily Pivot | 0.82126 |
| S1 | 0.81778 |
| S2 | 0.81233 |
| S3 | 0.80885 |
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