USDCHF on Thursday rose 0.6% to 0.88391. What we know.

USDCHF on Thursday rose 0.6% to 0.88391. What we know.

USDCHF Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.6% 52.9 Pips
Week to-date 0.86% 75.1 Pips
March -0.06% -5.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Monthly Retail Trade (1-mth) in February rose to 0.6% compared to previous figure -0.8% in January Source: Census Bureau
🇺🇸 U.S. PPI excluding Food and Energy sectors (12-mth) in February unchanged at 2% compared to previous report in January.

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What can we expect from USDCHF today?

USDCHF on Thursday rose 0.6% to 0.88391. 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 0.88601 with break above could target R2 at 0.8881 or figure level area. While towards the downside, we are looking at daily low of 0.87816 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.88418 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 0.89203
R2 0.8881
R1 0.88601
Daily Pivot 0.88208
S1 0.87999
S2 0.87606
S3 0.87397

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