CHF

USDCHF is trading between MA resistance above, and a key swing level below. Get updated.

• The 100-hour MA is a close barometer for buyers and sellers at 086246 in the short term

Switzerland January manufacturing PMI 43.1 vs 44.5 expected

• Latest data released by Procure - 1 February 2024

USDCHF breaks below a key floor and that opens the downside for the sellers

• USD moves lower ahead of the US FOMC rate decision

Switzerland January UBS investor sentiment -19.5 vs -23.7 prior

• Latest data released by UBS and CFA Society Switzerland - 31 January 2024

USDCHF Technical Analysis

• The USDCHF pair breaks the trendline and consolidates. What’s next?

SNB head Jordan said Swiss inflation gained in January, but stayed within target range

• Jordan not hitting the panic button on rising inflation

The USDCHF is stuck between MA support and resistance defined by MAs and a key floor

• The USDCHF is engaged in a tight battle between support and resistance, as it finds itself stuck between moving averages and a crucial floor level. The price is expected to break out of its narrow range soon, potentially leading to a surge in momentum.

Switzerland January KOF leading indicator index 101.5 vs 98.2 expected

• Latest data released by KOF - 30 January 2024

Switzerland December trade balance CHF 1.25 billion vs CHF 3.71 billion prior

• Latest data released by the Federal Statistics Office - 30 January 2024

Swiss National Bank Chairman Thomas Jordan will speak on Tuesday to journalists

The USD is bouncing higher in the US session.EUR, GBP, CHF and AUD are all trading at lows

• USD moves higher despite lower yields today.

SNB total sight deposits w.e. 26 January CHF 472.2 bn vs CHF 473.4 bn prior

• Latest data released by the SNB - 29 January 2024

USDCHF buyers try to take more control. 100 hour MA and 38.2% the next key targets.

• If the 100-hour MA at 0.8672 and the 38.2% of the move down from the October 2023 high at 08680 can be broken, the buyers can take more control

USDCHF dips but finds support, signaling potential reversal

• USDCHF rebounds at key moving average, indicating a possible uptrend shift

USDCHF Technical Analysis

• The USDCHF pair continues to march higher amid strong US data. What’s next?