USDCHF on Tuesday rose 0.46% to 0.90120. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.46%	41.6 Pips
Week to-date	0.34%	30.1 Pips
May	0.72%	64 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:30 PM USD GDP Annualized

What happened lately

🇺🇸 New Residential Sales (1-mth) in April exceed forecast and rose to 0.683M compared to previous figure 0.656, revised from 0.683M in March Census Bureau
🇨🇭 Industrial Production (12-mth) in Q1 dropped to 3.4% compared to previous figure 6.1% in Q4

What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.46% to 0.90120. Price is above 9-Day EMA while Stochastic is falling.

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 0.90362 with break above could target R2 at 0.90604 or figure level area. While towards the downside, we are looking at daily low of 0.89740 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90293 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:

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