USDCHF on Wednesday rose 0.27% to 0.90995. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.27%	24.6 Pips
Week to-date	0.14%	12.9 Pips
June	-0.02%	-2.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Goods and Services Trade Balance in April dropped to -74.6$ compared to previous figure -60.6$ (revised from -64.2$)

What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.27% to 0.90995. Price is above 9-Day EMA while Stochastic is rising.

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 0.9124 with break above could target R2 at 0.91485 or figure level area. While towards the downside, we are looking at daily low of 0.90410 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91070 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:

You might be interested in:

U.S. International Trade in Goods and Services. Census Bureau
Quarterly Financial Report. Census Bureau
Quarterly Financial Report – Retail. Census Bureau
Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
Consumer prices increased by 0.3% in May. Federal Statistical Office

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