USDCHF on Monday dropped -0.26% to 0.91240. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||-0.26%||-24 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February. Source:
What can we expect from USDCHF today?
USDCHF on Monday dropped -0.26% to 0.91240. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.90926 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.91963 or trades above daily pivot 0.91444. While to the downside, the daily low of 0.91130 and 0.90926 (S1) as immediate support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.91130 would indicate selling pressure.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
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Consumer prices increased by 0.2% in March 2023 Source: Federal Statistical Office
Payroll employment rises by 311,000 in February; unemployment rate edges up to 3.6% Source: Bureau of Labor Statistics Publications
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