USDCHF on Thursday rose 0.73% to 0.90482. What we know.

USDCHF Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.73%	65.2 Pips
Week to-date	0.72%	65 Pips
May	1.24%	110.7 Pips

Upcoming key events (London Time)

Fri 04:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 Philadelphia Fed Manufacturing Survey in May below forecast and improved to -10.4 points compared to previous figure -31.3 points in April
USD Building Permits (1-mth) in April dropped to 1.416M compared to previous figure 1.437M (revised from 1.413M). Census Bureau

What can we expect from USDCHF today?

USDCHF on Thursday rose 0.73% to 0.90482. Price is above 9-Day EMA while Stochastic is rising in overbought 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 0.90811 with break above could target R2 at 0.91141 or figure level area. While towards the downside, we are looking at daily low of 0.89780 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90625 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.72% over the past few days.

Key levels to watch out:

You might be interested in:

New Residential Construction. Census Bureau
Manufacturing and Trade Inventories and Sales. Census Bureau
Advanced Monthly Sales for Retail and Food Services. Census Bureau
The number of employed persons rose by 2.1% and the unemployment rate (ILO definition) fell to 4.3% in the 1st quarter 2023. Federal Statistical Office

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