USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.45% | -40 Pips |  |
||
| Week to-date | -0.7% | -61.9 Pips |  |
||
| July | -2.45% | -220.9 Pips | |
||
Upcoming key events (London Time)
Fri 07:30 AM CHF CPI Inflation Rate (12-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment Fri 01:30 PM USD Average Hourly Earnings (1-mth) Fri 01:30 PM USD Average Hourly Earnings (12-mth)
What happened lately
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve 🇺🇸 The U.S. Employment Cost Index (ECI) in Q2 decreased to 0.9% from the previous figure of 1.2% in Q1. Source: Bureau of Labor Statistics 🇨🇭 The Switzerland ZEW Survey – Expectations in July dropped to 9.4 points from the previous figure of 17.5 points in June. Source: ZEW 🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in June dropped to 8.184M compared to the previous figure of 8.23M, revised from 8.14M in May. Source: Bureau of Labor Statistics 🇺🇸 U.S. House Price Index (1-mth) in May dropped to 0% from a revised figure of 0.3% in April. Source: FHFA
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.45% to 0.87811. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at S1 0.87573 with break below could see further selling pressure towards S2 at 0.87335. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.88301 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.87699 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
USDCHF ended month of July trading session down by -2.45% or -220.9 pips lower.
Key levels to watch out:
| R3 | 0.88777 |
| R2 | 0.88539 |
| R1 | 0.88175 |
| Daily Pivot | 0.87937 |
| S1 | 0.87573 |
| S2 | 0.87335 |
| S3 | 0.86971 |
#USDCHF Trending on Twitter
[custom-twitter-feeds hashtag=”#USDCHF” num=3 showheader=false]
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.