Forex

USDCHF on Thursday rose 0.04% to 0.87515. Pair in consolidation. What we know.

USDCHF on Thursday rose 0.04% to 0.87515. Pair in consolidation. What we know.
USDCHF on Thursday rose 0.04% to 0.87515.  Pair in consolidation. What we know.

USDCHF Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.04% 3.8 Pips
Week to-date 0.72% 62.9 Pips
December 0% 0.4 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

?? U.S. Challenger Job Cuts in November rose to 45.51K compared to previous figure 36.836K in October
?? U.S. Nonfarm Business Labor Productivity in Q3 exceed forecast and rose to 5.2% compared to previous figure 4.7% in Q2 Source: Bureau of Labor Statistics

Latest from X (Twitter)


What can we expect from USDCHF today?

USDCHF on Thursday rose 0.04% to 0.87515. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87253 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87822 or trades above daily pivot 0.87537. Break above could target R1 at 0.878. While to the downside, we are looking at 0.87253 (S1) and daily low of 0.87275 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87822 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 0.88347
R2 0.88084
R1 0.878
Daily Pivot 0.87537
S1 0.87253
S2 0.8699
S3 0.86706

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