USDCHF on Wednesday rose 0.18% to 0.90525. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.18%	16.5 Pips
Week to-date	0.95%	85.5 Pips
March	2.35%	207.8 Pips

Upcoming key events (London Time)

Thu 12:30 PM USD GDP Annualized
Fri 12:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 12:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇨🇭 Switzerland ZEW Survey – Expectations in March rose to 11.5 points compared to previous figure 10.2 points in February Source: ZEW
🇺🇸 U.S. Housing Price Index (1-mth) in January dropped to -0.1% compared to previous figure 0.1% in December
🇺🇸 U.S. Durable Goods Orders in February rose to -6.1% compared to previous figure -6.9% (revised from -6.1%) Source: Census Bureau

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.18% to 0.90525. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.90733 with break above could target R2 at 0.90942 or figure level area. While towards the downside, we are looking at daily low of 0.90280 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90715 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 0.95% over the past few days.

Key levels to watch out: