USDCHF on Tuesday rose 1.31% to 0.88705. What we know.

USDCHF Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	1.31%	114.6 Pips
Week to-date	1.42%	124.5 Pips
February	2.98%	257.1 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

🇺🇸 U.S. CPI Inflation Rate (1-mth) in January rose to 0.3% compared to previous figure 0.2, revised from 0.3% in December Source: Bureau of Labor Statistics
🇺🇸 U.S. CPI Inflation Rate (12-mth) in January dropped to 3.1% compared to previous figure 3.4% in December Source: Bureau of Labor Statistics
🇨🇭 Switzerland CPI Inflation Rate (12-mth) in January dropped to 1.3% compared to previous figure 1.7% in December Source: Federal Statistical Office
🇺🇸 U.S. Monthly Budget Statement in January improved to -22$ compared to previous figure -129$ in December Source: Bureau of the Fiscal Service

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What can we expect from USDCHF today?

USDCHF on Tuesday rose 1.31% to 0.88705. Price is above 9-Day EMA while Stochastic is falling 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 0.8916 with break above could target R2 at 0.89615 or figure level area. While towards the downside, we are looking at daily low of 0.87550 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.88810 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 1.42% over the past few days.

Key levels to watch out: