USDCHF Analysis
Performance after Tuesday | |||||
Period | Pct | Chg | Momentum | ||
Tuesday | -0.17% | -15.3 Pips | |||
Week to-date | -0.3% | -27 Pips | |||
June | -1.82% | -165.3 Pips |
Upcoming key events (London Time)
Wed 02:30 PM USD Federal Reserve Chair Jerome Powell speech
Wed 09:30 PM USD Bank Stress Test Results
Thu 01:30 PM USD GDP Annualized (12-mth)
What happened lately
🇺🇸 U.S. New Residential Sales (1-mth) in May exceed forecast and rose to 0.763M compared to previous figure 0.68, revised from 0.683M in April Census Bureau
🇺🇸 U.S. Housing Price Index (1-mth) in April exceed forecast and rose to 0.7% compared to previous figure 0.5, revised from 0.6% in March
🇺🇸 U.S. Durable Goods Orders excluding Transportation in May rose to 0.6% compared to previous figure -0.6% (revised from -0.2%) Census Bureau
What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.17% to 0.89372. 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 0.89169 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89704 or trades above daily pivot 0.89437. Break above could target R1 at 0.89639. While to the downside, we are looking at 0.89169 (S1) and daily low of 0.89234 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89234 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 | 0.90109 |
R2 | 0.89907 |
R1 | 0.89639 |
Daily Pivot | 0.89437 |
S1 | 0.89169 |
S2 | 0.88967 |
S3 | 0.88699 |
You might be interested in:
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
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