USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.09% | 8.3 Pips |  |
||
| Week to-date | -0.2% | -18.2 Pips |  |
||
| May | 0.29% | 25.9 Pips | |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 Retail Trade Control Group in April rose to 0.7% compared to previous figure -0.4, revised from -0.3% in March Census Bureau
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.09% to 0.89650. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89318 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89706 or trades above daily pivot 0.89512. Break above could target R1 at 0.89844. While to the downside, we are looking at 0.89318 (S1) and daily low of 0.89180 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89706 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.9037 |
| R2 | 0.90038 |
| R1 | 0.89844 |
| Daily Pivot | 0.89512 |
| S1 | 0.89318 |
| S2 | 0.88986 |
| S3 | 0.88792 |
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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 Producer and Import Price Index rose by 0.2% in April. Federal Statistical Office
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