USDCHF on Thursday dropped -0.27% to 0.90564. What we know.

USDCHF on Thursday dropped -0.27% to 0.90564. What we know.

USDCHF Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday -0.27% -24.9 Pips
Week to-date 0.11% 9.8 Pips
May -1.43% -131.5 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 04 May, U.S. Initial Unemployment Insurance Claims rose to 231K compared to previous figure 209K (revised from 208K) Source: Department of Labor

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Thursday dropped -0.27% to 0.90564. Price is below 9-Day EMA while Stochastic is rising.

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 0.90368 with break below could see further selling pressure towards S2 at 0.90172. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.90986 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90481 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 0.91378
R2 0.91182
R1 0.90873
Daily Pivot 0.90677
S1 0.90368
S2 0.90172
S3 0.89863

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