USDCHF on Wednesday dropped -0.18% to 0.91810. Pair in consolidation. What we know.

USDCHF on Wednesday dropped -0.18% to 0.91810. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday -0.18% -16.1 Pips
Week to-date -0.13% -12 Pips
March -2.53% -238.6 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized | Q4

What happened lately

๐Ÿ“† ๐Ÿ‡บ๐Ÿ‡ธ USD Pending Home Sales (1-mth) | Feb in February exceed forecast and dropped to 0.8% compared to previous figure 8.1% in January. Source
๐Ÿ“† ๐Ÿ‡จ๐Ÿ‡ญ CHF ZEW Survey โ€“ Expectations | Mar in March exceed forecast and dropped to -41.3 points compared to previous figure -12.3 points in February. ZEW

USDCHF 4-hour Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Wednesday dropped -0.18% to 0.91810. 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 0.91536 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.92231 or trades above daily pivot 0.91884. While to the downside, the daily low of 0.91610 and 0.91536 (S1) as immediate support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.91610 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.92778
R2 0.92505
R1 0.92157
Daily Pivot 0.91884
S1 0.91536
S2 0.91263
S3 0.90915

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