USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.71% | -65 Pips |  |
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| Week to-date | -1.01% | -92.5 Pips | |
||
| April | -1.01% | -92.5 Pips | |
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Upcoming key events (London Time)
Thu 11:00 PM CHF Good Friday
What happened lately
📆 🇺🇸 USD Factory Orders (1-mth) | Feb in February exceed forecast and improved to -0.7% compared to previous figure -2.1, revised from -1.6% in January. 📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February.
What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.71% to 0.90580. Price is below 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 0.90237 with break below could see further selling pressure towards S2 at 0.89893. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.91428 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90489 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.01%.
Key levels to watch out:
| R3 | 0.92115 |
| R2 | 0.91771 |
| R1 | 0.91176 |
| Daily Pivot | 0.90832 |
| S1 | 0.90237 |
| S2 | 0.89893 |
| S3 | 0.89298 |
You might be interested in:
February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications Construction Spending. Census Bureau
Consumer prices increased by 0.2% in March 2023. Federal Statistical Office
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