USDCHF on Tuesday rose 0.41% to 0.90787. What we know.

USDCHF on Tuesday rose 0.41% to 0.90787. What we know.

USDCHF Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.41% 37.2 Pips
Week to-date 0.76% 68.8 Pips
April 0.76% 68.8 Pips

Upcoming key events (London Time)

Wed 05:10 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in February rose to 8.756M compared to previous figure 8.748, revised from 8.863M in January Source: Bureau of Labor Statistics
🇺🇸 U.S. Factory Orders (1-mth) in February rose to 1.4% compared to previous figure -3.8, revised from -3.6% in January Source: Census Bureau
🇨🇭 Switzerland Real Retail Trade (12-mth) in February dropped to -0.2% compared to previous figure 0.3% in January Source: Federal Statistical Office

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.41% to 0.90787. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.90968 with break above could target R2 at 0.91148 or figure level area. While towards the downside, we are looking at daily low of 0.90491 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90910 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.76% over the past few days.

Key levels to watch out:

R3 0.91387
R2 0.91148
R1 0.90968
Daily Pivot 0.90729
S1 0.90549
S2 0.9031
S3 0.9013

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