USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.79% | 68.2 Pips |  |
||
| Week to-date | 1.24% | 105.9 Pips |  |
||
| August | -1.31% | -115.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 In the week ending 03 August, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 250K (revised from 249K) Source: Department of Labor
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What can we expect from USDCHF today?
USDCHF on Thursday rose 0.79% to 0.86669. Price is below 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 R1 at 0.87074 with break above could target R2 at 0.87478 or figure level area. While towards the downside, we are looking at daily low of 0.85595 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.86739 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 | 0.88218 |
| R2 | 0.87478 |
| R1 | 0.87074 |
| Daily Pivot | 0.86334 |
| S1 | 0.8593 |
| S2 | 0.8519 |
| S3 | 0.84786 |
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