USDCHF Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.6% | -50.0 Pips | ▼ |
| Week to-date | 0.3% | 25.0 Pips | ▲ |
| October | -0.6% | -50.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| 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?
The USDCHF pair closed at 0.83070 on Wednesday, marking a 0.6% decline for the day. Despite the daily bearish outlook, the pair remains above the 9-day EMA, suggesting potential volatility in today’s session.
📈 Bull Scenario A bullish scenario for USDCHF could unfold if the pair manages to break above the daily pivot point of 0.83267. Further upward momentum might target the first resistance level (R1) at 0.83623, with an extended rally potentially reaching the second resistance level (R2) at 0.84177. The rising stochastic indicator supports the possibility of upward movement. | 📉 Bear Scenario Conversely, a bearish scenario may develop if USDCHF falls below the daily low of 0.82910, which could lead to a test of the first support level (S1) at 0.82713. Should selling pressure intensify, the pair might aim for the second support level (S2) at 0.82357. The daily bearish outlook suggests caution for bullish traders. |
Key levels to watch out:
| R3 | 0.84533 |
| R2 | 0.84177 |
| R1 | 0.83623 |
| Daily Pivot | 0.83267 |
| S1 | 0.82713 |
| S2 | 0.82357 |
| S3 | 0.81803 |