USDCHF on Wednesday rose 0.23% to 0.89700. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.23%	20.4 Pips
Week to-date	0.32%	29 Pips
June	-0.71%	-63.7 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in April rose to 0.2% compared to previous figure 0.1% in March

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.23% to 0.89700. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.89867 with break above could target R2 at 0.90033 or figure level area. While towards the downside, we are looking at daily low of 0.89460 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89830 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.32% over the past few days.

Key levels to watch out: