USDCHF on Thursday dropped -0.26% to 0.89679. What we know.

USDCHF Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.26%	-23.1 Pips
Week to-date	0.17%	15.6 Pips
July	-0.38%	-34.1 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 06 July, U.S. Initial Unemployment Insurance Claims dropped to 222K compared to previous figure 239K (revised from 238K) Source: Department of Labor
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in June dropped to 0.1% compared to previous figure 0.2% in May Source: Bureau of Labor Statistics

Latest from X (Twitter)

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What can we expect from USDCHF today?

USDCHF on Thursday dropped -0.26% to 0.89679. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at S1 0.89216 with break below could see further selling pressure towards S2 at 0.88753. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.89980 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89135 would indicate selling pressure.

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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