USDCHF on Thursday dropped -0.47% to 0.92862. Pair in consolidation. What we know.

USDCHF by TradingView

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.47%	-43.5 Pips
Week to-date	0.81%	74.2 Pips
March	-1.42%	-133.8 Pips

Upcoming key events (London Time)

No further events

What happened lately

📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in March exceed forecast and improved to -23.2 points compared to previous figure -24.3 points in February. Source
📆 🇺🇸 USD Building Permits (1-mth) in February exceed forecast and rose to 1.524M compared to previous figure 1.339M in January. Source
📆 ☢️ 🇺🇸 USD Retail Control Group in February exceed forecast and dropped to 0.5% compared to previous figure 2.3, revised from 1.7% in January. Source
📆 ☢️ 🇺🇸 USD CPI Inflation Rate excluding Food & Energy sectors (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.4% in January. Source

What can we expect from USDCHF today?

USDCHF on Thursday dropped -0.47% to 0.92862. Price is above 9-Day EMA while Stochastic is rising in neutral zone.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.92293 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.93445 or trades above daily pivot 0.92869. While to the downside, the daily low of 0.92300 and 0.92293 (S1) as immediate support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.92300 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

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