USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.54% | -49.4 Pips |  |
||
| Week to-date | -0.67% | -62 Pips |  |
||
| March | -3.07% | -289.3 Pips | |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
📆 🇺🇸 USD Core Personal Consumption Expenditures (3-mth) | Q4 in Q4 exceed forecast and rose to 4.4% compared to previous figure 4.3% in Q3. Source: Bureau of Economic Analysis 📆 ☢️ 🇺🇸 USD GDP Annualized | Q4 in Q4 below forecast and dropped to 2.6% compared to previous figure 2.7% in Q3. Source: Bureau of Economic Analysis
📆 🇨🇭 CHF KOF Leading Indicator | Mar in March exceed forecast and dropped to 98.2 points compared to previous figure 98.9, revised from 100 points in February. Source: KOF Swiss Economic Institute 📆 🇺🇸 USD Pending Home Sales (1-mth) | Feb in February exceed forecast and dropped to 0.8% compared to previous figure 8.1% in January. 📆 🇨🇭 CHF ZEW Survey – Expectations | Mar in March exceed forecast and dropped to -41.3 points compared to previous figure -12.3 points in February. Source: ZEW
What can we expect from USDCHF today?
USDCHF on Thursday dropped -0.54% to 0.91310. Price is below 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 0.91009 (S1) with break below could see further selling pressure towards 0.90707 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.92002 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.91204 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:
| R3 | 0.92605 |
| R2 | 0.92303 |
| R1 | 0.91807 |
| Daily Pivot | 0.91505 |
| S1 | 0.91009 |
| S2 | 0.90707 |
| S3 | 0.90211 |
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