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USDCHF on Thursday rose 1.04% to 0.9760. Bears losing the battle. Things to look out.
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Thursday
Open High Low Close
0.96731 0.98502 0.96190 0.97600
Performance after Thursday
Period Pct Chg Momentum
Thursday 1.04% 100.1 Pips
Week to-date 1.18% 114 Pips
September -0.13% -13 Pips

Upcoming key events (London Time)

Fri 07:00 PM USD Fed’s Chair Powell speech

What happened lately

📆 USD In the week ending 17 September, the Initial Jobless Claims rose to 213K compared to previous figure 208K (revised from 213K).. Source
📆 ☢️ 🇨🇭 CHF SNB Interest Rate Decision rose to 0.5% compared to previous rate -0.25%. Source
📆 ☢️ 🇺🇸 USD Fed Interest Rate Decision rose to 3.25% compared to previous rate 2.5%. Source


What can we expect from USDCHF today?

USDCHF on Thursday rose 1.04% to 0.9760. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is at 0.98671 (R1) while on the downside, we are looking at daily low of 0.9619 as an important support. Break below this level could weaken the current bullish momentum. USDCHF need to break on either side to indicate a short-term bias. A break above 0.9850 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 1.18% over the past few days.

Key levels to watch out:

R3 1.00983
R2 0.99743
R1 0.98671
Daily Pivot 0.97431
S1 0.96359
S2 0.95119
S3 0.94047

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Last updated: 12:36 am UTC, 23-Sep 2022

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