USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.16% | -14 Pips |  |
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| Week to-date | 0.05% | 4.2 Pips |  |
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| April | 0.05% | 4.2 Pips | |
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What happened lately
🇺🇸 U.S. Challenger Job Cuts in March rose to 90.309K compared to previous figure 84.638K in February 
🇨🇭 Switzerland CPI Inflation Rate (12-mth) in March dropped to 1% compared to previous figure 1.2% in February Source: Federal Statistical Office
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What can we expect from USDCHF today?
USDCHF on Thursday dropped -0.16% to 0.90142. Price is above 9-Day EMA while Stochastic is falling.
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 0.89845 with break below could see further selling pressure towards S2 at 0.89547. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.90750 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90000 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:
| R3 | 0.91345 |
| R2 | 0.91047 |
| R1 | 0.90595 |
| Daily Pivot | 0.90297 |
| S1 | 0.89845 |
| S2 | 0.89547 |
| S3 | 0.89095 |
