USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.22% | 20.3 Pips |  |
||
| Week to-date | 0.16% | 14.5 Pips | |
||
| May | 1.37% | 122.3 Pips | |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
USD Housing Price Index (1-mth) in March dropped to 0.6% compared to previous figure 0.7% (revised from 0.5%). 
CHF KOF Leading Indicator in May dropped to 90.2 points compared to previous figure 96.1 points (revised from 96.4 points). KOF Swiss Economic Institute 🇨🇭 GDP (seasonally adjusted) (3-mth) in Q1 exceed forecast and rose to 0.3% compared to previous figure 0% in Q4 State Secretariat for Economic Affairs
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.22% to 0.90592. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.90201 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90841 or trades above daily pivot 0.90521. Break above could target R1 at 0.90912. While to the downside, we are looking at 0.90201 (S1) and daily low of 0.90130 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.90841 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 | 0.91623 |
| R2 | 0.91232 |
| R1 | 0.90912 |
| Daily Pivot | 0.90521 |
| S1 | 0.90201 |
| S2 | 0.8981 |
| S3 | 0.8949 |
You might be interested in:
Minutes of the Board’s discount rate meetings from April 10 through May 3, 2023. Federal Reserve
Gross domestic product in the first quarter of 2023: Swiss economy grows. State Secretariat for Economic Affairs
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