USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.47% | 42.3 Pips |  |
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| Week to-date | 0.03% | 2.5 Pips | |
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| May | -1.38% | -126.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Industrial Production (1-mth) in April dropped to 0% compared to previous figure 0.4% in March 🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in May dropped to 4.5 points compared to previous figure 15.5 points in April 🇺🇸 U.S. CPI Inflation Rate (1-mth) in April dropped to 0.3% compared to previous figure 0.4% in March Source: Bureau of Labor Statistics 🇺🇸 U.S. Monthly Retail Trade (1-mth) in April dropped to 0% compared to previous figure 0.6, revised from 0.7% in March Source: Census Bureau 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in April dropped to 0.3% compared to previous figure 0.4% in March Source: Bureau of Labor Statistics 🇺🇸 U.S. New York Empire State Manufacturing Index in May dropped to -15.6 points compared to previous figure -14.3 points in April
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What can we expect from USDCHF today?
USDCHF on Thursday rose 0.47% to 0.90615. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.90114 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90640 or trades above daily pivot 0.90377. Break above could target R1 at 0.90878. While to the downside, we are looking at 0.90114 (S1) and daily low of 0.89876 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.90640 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 | 0.91642 |
| R2 | 0.91141 |
| R1 | 0.90878 |
| Daily Pivot | 0.90377 |
| S1 | 0.90114 |
| S2 | 0.89613 |
| S3 | 0.8935 |
