USDCHF on Thursday dropped -0.11% to 0.91640. Pair in consolidation. What we know.
|Performance after Thursday|
|Week to-date||-0.93%||-86 Pips|
Upcoming key events (London Time)
Fri 12:30 PM USD Durable Goods Orders
Fri 12:30 PM USD Nondefense Capital Goods excluding Aircraft
What happened lately
📆 🇺🇸 USD Chicago Fed National Activity Index in February below forecast and dropped to -0.19 points compared to previous figure 0.23 points in January. Source
📆 ☢️ 🇨🇭 CHF SNB Interest Rate Decision (Policy Rate) rose to 1.5% compared to previous rate 1%. Source
📆 ☢️ 🇺🇸 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 Thursday dropped -0.11% to 0.91640. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.91271 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91807 or trades above daily pivot 0.91539. While to the downside, the daily low of 0.91170 and 0.91271 (S1) as immediate support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.91170 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:
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Index Suggests Economic Growth Declined in February Source: Chicago Fed
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