USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.13% | -11.9 Pips |  |
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| Week to-date | -0.18% | -16.5 Pips |  |
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| May | -0.7% | -64.4 Pips | |
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Upcoming key events (London Time)
Thu 01:00 AM CHF SNB’s Chairman Thomas Jordan speech Thu 08:00 AM CHF GDP (seasonally adjusted) (3-mth)
Thu 01:30 PM USD GDP Annualized
What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in March dropped to 0.1% compared to previous figure 1.2% in February
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.13% to 0.91235. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at S1 0.90942 with break below could see further selling pressure towards S2 at 0.9065. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.91343 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90850 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.91928 |
| R2 | 0.91636 |
| R1 | 0.91435 |
| Daily Pivot | 0.91143 |
| S1 | 0.90942 |
| S2 | 0.9065 |
| S3 | 0.90449 |
