USDCHF on Wednesday rose 1.04% to 0.91265. What we know.

USDCHF Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	1.04%	93.6 Pips
Week to-date	1.22%	110.4 Pips
April	1.29%	116.2 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

No major activities.

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What can we expect from USDCHF today?

USDCHF on Wednesday rose 1.04% to 0.91265. 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 0.91749 with break above could target R2 at 0.92234 or figure level area. While towards the downside, we are looking at daily low of 0.90232 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91475 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 1.22% over the past few days.

Key levels to watch out: