USDCHF on Wednesday rose 0.84% to 0.85283. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.84%	71.1 Pips
Week to-date	1.05%	88.9 Pips
September	0.7%	59.3 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

🇺🇸 The U.S. Consumer Price Index (CPI) inflation rate for August remained steady at 0.2%, unchanged from the rate reported in July. Source: Bureau of Labor Statistics
🇺🇸 The U.S. CPI inflation rate over 12-month period for August decreased to 2.5% from 2.9% in July. Source: Bureau of Labor Statistics

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.84% to 0.85283. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.85647 with break above could target R2 at 0.86011 or figure level area. While towards the downside, we are looking at daily low of 0.84215 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.85295 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:

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