USDCHF on Wednesday rose 0.36% to 0.91465. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.36%	32.8 Pips
Week to-date	0.56%	51 Pips
April	1.51%	136.5 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
Fri 09:00 AM CHF SNB’s Chairman Thomas Jordan speech
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

🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in March dropped to 0.2% compared to previous figure 0.4% (revised from 0.7%) Source: Census Bureau
🇨🇭 Switzerland ZEW Survey – Expectations in April rose to 17.6 points compared to previous figure 11.5 points in March Source: ZEW

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.36% to 0.91465. 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 0.91621 with break above could target R2 at 0.91778 or figure level area. While towards the downside, we are looking at daily low of 0.91130 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91532 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: