USDCHF Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.15% | 12.0 Pips | ▲ |
| Week to-date | -0.19% | -15.0 Pips | ▼ |
| July | 3.47% | 271.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Thu 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from USDCHF today?
The USDCHF pair is showing a mixed outlook today, with a slight daily gain of 0.15% closing at 0.80930. Traders are watching for potential movements as the price remains above the 9-day EMA and the stochastic indicator is rising.
📈 Bull Scenario If bullish momentum continues, USDCHF could test the first resistance level at 0.81167. A break above this level may open the path towards the second resistance at 0.81403. The rising stochastic suggests that there is room for upward movement if buying pressure persists. | 📉 Bear Scenario On the downside, a move below the daily pivot of 0.80953 could signal a bearish trend, targeting the first support level at 0.80717. Further selling pressure might push the pair towards the second support at 0.80503. Traders should watch for any signs of reversal, especially if the price dips below the 9-day EMA. |
Key levels to watch out:
| R3 | 0.81617 |
| R2 | 0.81403 |
| R1 | 0.81167 |
| Daily Pivot | 0.80953 |
| S1 | 0.80717 |
| S2 | 0.80503 |
| S3 | 0.80267 |