USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.01% | 0.4 Pips |  |
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| Week to-date | -0.83% | -66.6 Pips |  |
||
| July | -0.17% | -13.1 Pips |  |
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Upcoming key events (London Time)
Thu 07:30 AM CHF Swiss CPI Inflation Rate (12-mth)
Thu 01:30 PM USD Nonfarm Payroll Employment
What happened lately
In the United States, the Job Openings and Labor Turnover Survey (JOLTS) for May 2025 indicated a rise in job openings, reaching 7.769 million compared to the revised figure of 7.395 million in April. This data signifies a strengthening U.S. job market, as more positions were available, suggesting a demand for labor. It could imply robust economic activity and confidence among businesses to expand their workforce, potentially fueling consumer spending and economic growth.
Conversely, Switzerland reported stagnant retail trade real turnover for May 2025, with the rate dropping to 0% from 1.3% in April, as per the Federal Statistical Office (FSO). This deceleration suggests a cooling in consumer spending within Switzerland. The stability in retail turnover may reflect cautious consumer sentiment or tighter financial conditions, adversely affecting domestic economic performance.
The USDCHF experienced a marginal increase of 0.01% to 0.79083 on Wednesday, remaining within a consolidation phase. The positive U.S. job market data could support the U.S. dollar, as improved employment figures may increase the likelihood of the Federal Reserve maintaining a more hawkish stance. Conversely, stagnation in Swiss retail turnover could weigh on the Swiss franc, reducing its attractiveness. However, traders will closely monitor upcoming key events, including the Swiss CPI Inflation Rate and the U.S. Nonfarm Payroll Employment data, which can influence future market movements. Should the U.S. continue to show economic strength relative to Switzerland, the USDCHF pair may experience bullish pressure, strengthening the dollar against the franc.
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What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.01% to 0.79083. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.78927 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.79414 or trades above daily pivot 0.7917. Break above could target R1 at 0.79327. While to the downside, we are looking at 0.78927 (S1) and daily low of 0.79014 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.79414 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.83%.
Key levels to watch out:
| R3 | 0.79727 |
| R2 | 0.7957 |
| R1 | 0.79327 |
| Daily Pivot | 0.7917 |
| S1 | 0.78927 |
| S2 | 0.7877 |
| S3 | 0.78527 |
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