USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.13% | 11.3 Pips |  |
||
| Week to-date | 0.1% | 9.2 Pips | |
||
| March | -0.68% | -59.7 Pips |  |
||
Upcoming key events (London Time)
Thu 12:30 PM USD PPI excluding Food and Energy sectors (12-mth) Thu 12:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. Monthly Budget Statement in February dropped to -296$ compared to previous figure -22$ in January Source: Bureau of the Fiscal Service
Latest from X (Twitter)
What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.13% to 0.87843. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.87702 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.87895 or trades above daily pivot 0.87799. Break above could target R1 at 0.87939. While to the downside, we are looking at 0.87702 (S1) and daily low of 0.87658 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.87895 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:
| R3 | 0.88176 |
| R2 | 0.88036 |
| R1 | 0.87939 |
| Daily Pivot | 0.87799 |
| S1 | 0.87702 |
| S2 | 0.87562 |
| S3 | 0.87465 |
