USDCHF on Wednesday rose 0.12% to 0.91303. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.12%	10.9 Pips
Week to-date	-0.1%	-9.1 Pips
May	-0.62%	-57 Pips

Upcoming key events (London Time)

Thu 01:00 AM CHF SNB’s Chairman Thomas Jordan speech
Thu 08:00 AM CHF GDP (seasonally adjusted) (3-mth)
Thu 01:30 PM USD GDP Annualized
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇨🇭 Switzerland ZEW Survey – Expectations in May rose to 18.2 points compared to previous figure 17.6 points in April Source: ZEW
🇺🇸 U.S. Housing Price Index (1-mth) in March dropped to 0.1% compared to previous figure 1.2% in February

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.12% to 0.91303. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.91139 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91436 or trades above daily pivot 0.91288. Break above could target R1 at 0.91451. While to the downside, we are looking at 0.91139 (S1) and daily low of 0.91124 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.91436 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: