USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.14% | -12.7 Pips |  |
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| Week to-date | 0.09% | 8.6 Pips |  |
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| May | -1.31% | -120.3 Pips | |
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Upcoming key events (London Time)
Wed 01:30 PM USD CPI Inflation Rate (12-mth) Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. Producer Price Index (1-mth) in April rose to 0.5% compared to previous figure -0.1, revised from 0.2% in March
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What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.14% to 0.90676. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.90466 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91021 or trades above daily pivot 0.90743. Break above could target R1 at 0.90954. While to the downside, we are looking at 0.90466 (S1) and daily low of 0.90533 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.90533 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 | 0.91442 |
| R2 | 0.91231 |
| R1 | 0.90954 |
| Daily Pivot | 0.90743 |
| S1 | 0.90466 |
| S2 | 0.90255 |
| S3 | 0.89978 |
