USDCHF Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.24% | 20.0 Pips | ▲ |
| Week to-date | 0.91% | 75.0 Pips | ▲ |
| September | 3.42% | 276.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 02:30 PM | CHF | HIGH | Swiss CPI Inflation Rate (12-mth) |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from USDCHF today?
USDCHF is experiencing a mixed outlook today, with a daily performance of 0.24% and closing at 0.83570. The pair has been trading between a high of 0.83610 and a low of 0.83190, with the price currently above the 9-day EMA.
📈 Bull Scenario If USDCHF continues to trade above the daily pivot of 0.83457, bullish momentum could push the pair towards the first resistance level at 0.83723. A break above this level may see further gains towards the second resistance at 0.83877. The weekly bullish outlook supports potential upward movement. | 📉 Bear Scenario On the downside, a move below the daily pivot could trigger a bearish scenario, with initial support at 0.83303. If selling pressure intensifies, the pair might test the second support level at 0.83037. The falling stochastic in the overbought zone suggests potential for a downward correction. |
Key levels to watch out:
| R3 | 0.84143 |
| R2 | 0.83877 |
| R1 | 0.83723 |
| Daily Pivot | 0.83457 |
| S1 | 0.83303 |
| S2 | 0.83037 |
| S3 | 0.82883 |