USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.35% | 31.3 Pips |  |
||
| Week to-date | 0.32% | 29.1 Pips |  |
||
| June | -1.2% | -109.2 Pips |  |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. GDP Annualized in Q1 exceed forecast and rose to 2% compared to previous figure 1.3% in Q4 Bureau of Economic Analysis 🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 below forecast and dropped to 4.9% compared to previous figure 5% in Q4 Bureau of Economic Analysis
🇨🇭 Switzerland ZEW Survey – Expectations in June below forecast and improved to -30.8 points compared to previous figure -32.2 points in May ZEW
What can we expect from USDCHF today?
USDCHF on Thursday rose 0.35% to 0.89934. Price is above 9-Day EMA while Stochastic is rising.
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 0.90158 with break above could target R2 at 0.90381 or figure level area. While towards the downside, we are looking at daily low of 0.89431 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90018 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:
| R3 | 0.90745 |
| R2 | 0.90381 |
| R1 | 0.90158 |
| Daily Pivot | 0.89794 |
| S1 | 0.89571 |
| S2 | 0.89207 |
| S3 | 0.88984 |
You might be interested in:
Powell, Financial Stability and Economic Developments. Federal Reserve
2023-06-28 – Quarterly Bulletin 2/2023. SNB Federal Reserve Board releases results of annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession. Federal Reserve U.S. International Investment Position, 1st Quarter 2023 and Annual Update. Bureau of Economic Analysis Advance Retail Inventories. Census Bureau Advance U.S. International Trade in Goods. Census Bureau Advance Wholesale Inventories. Census Bureau New Home Sales. Census Bureau Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
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