USDCHF on Thursday rose 0.33% to 0.89390. What we know.

USDCHF Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.33%	29 Pips
Week to-date	0.22%	19.2 Pips
April	-2.28%	-208.8 Pips

Upcoming key events (London Time)

Fri 09:00 AM CHF SNB’s Chairman Thomas Jordan speech

What happened lately

USD Pending Home Sales (1-mth) in March rose to 0.8% compared to previous figure 0.8%.
🇺🇸 Core Personal Consumption Expenditures (3-mth) in Q1 preliminary estimate exceed forecast and rose to 4.9% compared to previous figure 4.4% in Q4 Bureau of Economic Analysis
🇺🇸 GDP Annualized in Q1 preliminary estimate below forecast and dropped to 1.1% compared to previous figure 2.6% in Q4 Bureau of Economic Analysis
🇺🇸 In the week ending 22 April, the Initial Unemployment Insurance Claims dropped to 230K compared to previous figure 245K Department of Labor
USD Durable Goods Orders excluding Transportation in March rose to 0.3% compared to previous figure -0.3% (revised from 0%). Census Bureau
🇨🇭 ZEW Survey – Expectations in April exceed forecast and improved to -33.3 points compared to previous figure -41.3 points in March ZEW

What can we expect from USDCHF today?

USDCHF on Thursday rose 0.33% to 0.89390. Price is above 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.89766 with break above could target R2 at 0.90142 or figure level area. While towards the downside, we are looking at daily low of 0.89010 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89764 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

You might be interested in:

Gross Domestic Product, First Quarter 2023 (Advance Estimate). Bureau of Economic Analysis
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
Advance Retail Inventories. Census Bureau
Advance U.S. International Trade in Goods. Census Bureau
Advance Wholesale Inventories. Census Bureau
New Home Sales. Census Bureau

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