USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.48% | 42.2 Pips |  |
||
| Week to-date | -0.02% | -2 Pips |  |
||
| April | -2.51% | -230 Pips | |
||
Upcoming key events (London Time)
Wed 01:30 PM USD Durable Goods Orders Wed 01:30 PM USD Nondefense Capital Goods Orders excluding Aircraft Thu 01:30 PM USD GDP Annualized
What happened lately
🇺🇸 New Residential Sales (1-mth) in March exceed forecast and rose to 0.683M compared to previous figure 0.623, revised from 0.64M in February Census Bureau 🇺🇸 Housing Price Index (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.1, revised from 0.2% in January 🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.48% to 0.89180. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.88756 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89272 or trades above daily pivot 0.89014. Break above could target R1 at 0.89438. While to the downside, we are looking at 0.88756 (S1) and daily low of 0.88590 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89272 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 | 0.9012 |
| R2 | 0.89696 |
| R1 | 0.89438 |
| Daily Pivot | 0.89014 |
| S1 | 0.88756 |
| S2 | 0.88332 |
| S3 | 0.88074 |
You might be interested in:
Increase of 0.9% in nominal wages in 2022 and 1.9% decline in real wages. Federal Statistical Office
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
