USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.32% | -29.1 Pips |  |
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| Week to-date | 0.91% | 81.9 Pips |  |
||
| April | 0.98% | 88 Pips |  |
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Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Producer Price Index (1-mth) in March dropped to 0.2% compared to previous figure 0.6% in February 🇺🇸 U.S. Monthly Budget Statement in March improved to -236$ compared to previous figure -296$ in February Source: Bureau of the Fiscal Service
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What can we expect from USDCHF today?
USDCHF on Thursday dropped -0.32% to 0.90980. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.90657 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91466 or trades above daily pivot 0.91061. Break above could target R1 at 0.91385. While to the downside, we are looking at 0.90657 (S1) and daily low of 0.90738 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.90738 would indicate selling pressure.
For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.91% over the past few days.
Key levels to watch out:
| R3 | 0.92113 |
| R2 | 0.91789 |
| R1 | 0.91385 |
| Daily Pivot | 0.91061 |
| S1 | 0.90657 |
| S2 | 0.90333 |
| S3 | 0.89929 |
