USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -1.18% | -107.3 Pips |  |
||
| Week to-date | -1.11% | -100.6 Pips | |
||
| June | -1.28% | -116.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Goods and Services Trade Balance in April dropped to -74.6$ compared to previous figure -60.6$ (revised from -64.2$)
What can we expect from USDCHF today?
USDCHF on Thursday dropped -1.18% to 0.89865. 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 S1 0.89418 with break below could see further selling pressure towards S2 at 0.88971. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.91076 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89800 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 | 0.9197 |
| R2 | 0.91523 |
| R1 | 0.90694 |
| Daily Pivot | 0.90247 |
| S1 | 0.89418 |
| S2 | 0.88971 |
| S3 | 0.88142 |
You might be interested in:
U.S. International Trade in Goods and Services, April 2023. Bureau of Economic Analysis U.S. International Trade in Goods and Services. Census Bureau Quarterly Financial Report. Census Bureau Quarterly Financial Report – Retail. Census Bureau
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