USDCHF on Wednesday dropped -0.56% to 0.91712. What we know.
USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.56% | -51.7 Pips |  | ||
| Week to-date | -0.93% | -85.8 Pips |  | ||
| March | -2.66% | -251 Pips | | ||
Upcoming key events (London Time)
Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate) Thu 08:30 AM CHF SNB Monetary Policy Assessment
Fri 12:30 PM USD Durable Goods Orders Fri 12:30 PM USD Nondefense Capital Goods excluding Aircraft
What happened lately
📆 ☢️ 🇺🇸 USD Fed Interest Rate Decision (Federal Funds Rate) rose to 5% compared to previous rate 4.75%. Source
What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.56% to 0.91712. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at 0.91289 (S1) with break below could see further selling pressure towards 0.90865 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.92458 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.91450 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 0.93305 |
| R2 | 0.92881 |
| R1 | 0.92297 |
| Daily Pivot | 0.91873 |
| S1 | 0.91289 |
| S2 | 0.90865 |
| S3 | 0.90281 |
You might be interested in:
Federal Reserve Board and Federal Open Market Committee release economic projections from the March 21-22 FOMC meeting Source: Federal Reserve Federal Reserve issues FOMC statement Source: Federal Reserve Quarterly Financial Report Source: Census Bureau Quarterly Financial Report – Retail Source: Census Bureau Coordinated central bank action to enhance the provision of U.S. dollar liquidity Source: Federal Reserve
#USDCHF Trending on Twitter
09:00 UTC
#USDJPY is @ 133.54, projected to reach 133.49 (-5.43 pips) in the next 60 minutes (med.) - probability 65.65%
#USDCHF is @ 0.9176, projected to reach 0.9181 (5.0 pips) in the next 63 minutes (med.) - probability 48.55%
Euro Remains Bullish Despite Correction to Demand Zone
https://www.brokerxplorer.com/analysis/euro-remains-bullish-despite-correction-to-demand-zone-4276
#BrokerXplorer #ForexTrading #ForexAnalysis #USDCHF #Sell #Buy #Short #Long #Demand #Supply #TrailingStop #StopLoss #MoneyManagement
Bought 0.88 Lots $USDCHF 0.9184 Blackwave Algarve https://www.blackwave-forextrader.com #skininthegame https://www.myfxbook.com/portfolio/blackwave-algarve/9759529 #myfxbook #forex #portfolio #USDCHF
Weekly Market Analysis 👩💼
📈 Top Gainers
#EURUSD, #GBPUSD, #USDJPY, #AUDUSD, #SP500, #Nifty50
📉 Top Losers
#USDCHF, #USDCAD, #Gold
https://www.dailyforex.com/forex-technical-analysis/2023/04/pairs-in-focus-this-week-april-2nd-april-8th/193637
#AMASS #trading #tradingplatform #tradinglifestyle #tradingstrategy #liquiditypool #binaryoptions #copytrade
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
