USDCHF on Tuesday rose 0.52% to 0.90389. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.52%	47.2 Pips
Week to-date	0.81%	72.4 Pips
March	2.2%	194.7 Pips

Upcoming key events (London Time)

Thu 12:30 PM USD GDP Annualized

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in January dropped to -0.1% compared to previous figure 0.1% in December
🇺🇸 U.S. Durable Goods Orders in February rose to -6.1% compared to previous figure -6.9% (revised from -6.1%) Source: Census Bureau
🇺🇸 U.S. New-Home Sales Change (1-mth) in February dropped to -0.3% compared to previous figure 1.7, revised from 1.5% in January

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.52% to 0.90389. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

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 0.90581 with break above could target R2 at 0.90773 or figure level area. While towards the downside, we are looking at daily low of 0.89901 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90433 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 0.81% over the past few days.

Key levels to watch out: