USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.17% | -15.8 Pips |  |
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| Week to-date | -1.11% | -101.8 Pips |  |
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| April | -1.11% | -102 Pips | |
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Upcoming key events (London Time)
Fri 06:00 AM USD Good Friday 
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar
What happened lately
🇺🇸 📆 USD In the week ending 01 April, the Initial Unemployment Insurance Claims rose to 228K compared to previous figure 198K. Department of Labor 📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February. 📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January.
What can we expect from USDCHF today?
USDCHF on Thursday dropped -0.17% to 0.90462. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.90265 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90750 or trades above daily pivot 0.90507. Break above could target R1 at 0.90705. While to the downside, we are looking at 0.90265 (S1) and daily low of 0.90310 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.90310 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.11%.
Key levels to watch out:
| R3 | 0.91145 |
| R2 | 0.90947 |
| R1 | 0.90705 |
| Daily Pivot | 0.90507 |
| S1 | 0.90265 |
| S2 | 0.90067 |
| S3 | 0.89825 |
You might be interested in:
U.S. International Trade in Goods and Services, February 2023. Bureau of Economic Analysis U.S. International Trade in Goods and Services. Census Bureau Manufacturers’ Shipments, Inventories, and Orders. Census Bureau February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
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