USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.11% | -10.1 Pips |  |
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| Week to-date | 0.02% | 1.6 Pips |  |
||
| November | -1.2% | -108.9 Pips | |
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Upcoming key events (London Time)
Thu 07:00 PM USD Federal Reserve Chair Jerome Powell speech Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.11% to 0.89898. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89695 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90240 or trades above daily pivot 0.89967. Break above could target R1 at 0.90171. While to the downside, we are looking at 0.89695 (S1) and daily low of 0.89764 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89764 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.90647 |
| R2 | 0.90443 |
| R1 | 0.90171 |
| Daily Pivot | 0.89967 |
| S1 | 0.89695 |
| S2 | 0.89491 |
| S3 | 0.89219 |
You might be interested in:
Powell, Opening Remarks. Federal Reserve U.S. International Trade in Goods and Services, September 2023. Bureau of Economic Analysis U.S. International Trade in Goods and Services. Census Bureau
