USDCHF on Friday dropped -0.13% to 0.92414. Week ending 2023-02-17 rose 0.13%. Pair in consolidation. What you need to know.

USDCHF by TradingView

Performance
Period	Pct	Chg	Momentum
Friday	-0.13%	-11.6 Pips
Week 2023-02-17	0.13%	12.1 Pips
February	0.89%	81.8 Pips

Next week key events (London Time)

Mon 05:00 AM USD Presidents’ Day
Wed 07:00 PM USD FOMC Minutes
Thu 01:30 PM USD Gross Domestic Product Annualized

What happened over the week

📆 🇨🇭 CHF Industrial Production (YoY) in Q4 rose to 6.1% compared to previous figure 5.2% in Q3. Source
📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in February below forecast and dropped to -24.3 points compared to previous figure -8.9 points in January. Source
📆 ☢️ 🇺🇸 USD Retail Sales Control Group in January exceed forecast and rose to 1.7% compared to previous figure -0.7% in December. Source
📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (YoY) in January exceed forecast and dropped to 5.6% compared to previous figure 5.7% in December. Source

What can we expect from USDCHF for the new week and what happened on Friday?

USDCHF on Friday dropped -0.13% to 0.92414. Price is above 9-Day EMA while Stochastic is rising. For the week ending 2023-02-17, the pair rose 0.13% or 12.1 pips higher.

Looking ahead on Monday after previous session, USDCHF looks mixed as the pair is likely to consolidate above week low of 0.91357.

For the new week, our technical outlook is mixed. To see upside interest, we prefer to look at price breakout of last week high of 0.93322 or at least trades above Weekly Pivot level of 0.92364. On the downside, we are looking at last week low 0.91357 or 0.91407 (WS1) as immediate support level. USDCHF need to break on either side to indicate a short-term bias. A break above 0.93322 would suggest bullish bias after recent positive movement.

For the month of February, USDCHF is up by 0.89% or 81.8 pips higher.

Weekly key levels to watch out:

You might also be interested in:

Advanced Monthly Sales for Retail and Food Services Source: Census Bureau
PPI for final demand advances 0.7% in January; goods rise 1.2%, services increase 0.4% Source: Bureau of Labor Statistics Publications
New Residential Construction Source: Census Bureau
Manufacturing and Trade Inventories and Sales Source: Census Bureau
Advanced Monthly Sales for Retail and Food Services Source: Census Bureau
Average annual inflation for residential property in 2022 was 6.4% Source: Federal Statistical Office
CPI for all items rises 0.5% in January as shelter increases Source: Bureau of Labor Statistics Publications
Producer and Import Price Index rose by 0.7% in January Source: Federal Statistical Office
Consumer prices increased by 0.6% in January 2023 Source: Federal Statistical Office

#USDCHF Trending on Twitter