USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.48% | 43.6 Pips |  |
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| Week to-date | 0.73% | 66.2 Pips | |
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| May | -0.4% | -36.3 Pips |  |
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Upcoming key events (London Time)
Fri 08:45 AM CHF SNB’s Chairman Thomas Jordan speech
What happened lately
No major activities.
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What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.48% to 0.91516. 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 0.9171 with break above could target R2 at 0.91904 or figure level area. While towards the downside, we are looking at daily low of 0.91064 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91581 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 0.73% over the past few days.
Key levels to watch out:
| R3 | 0.92227 |
| R2 | 0.91904 |
| R1 | 0.9171 |
| Daily Pivot | 0.91387 |
| S1 | 0.91193 |
| S2 | 0.9087 |
| S3 | 0.90676 |
