USDCHF on Wednesday rose 0.02% to 0.90601. Pair in consolidation. What we know.
|Performance after Wednesday|
|Week to-date||-0.96%||-87.9 Pips|
Upcoming key events (London Time)
Thu 11:00 PM CHF Good Friday
Fri 06:00 AM USD Good Friday
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar
What happened lately
📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February.
📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January.
📆 🇺🇸 USD Factory Orders (1-mth) | Feb in February exceed forecast and improved to -0.7% compared to previous figure -2.1, revised from -1.6% in January.
📆 🇺🇸 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.
What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.02% to 0.90601. 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 0.90178 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90759 or trades above daily pivot 0.90468. Break above could target R1 at 0.90892. While to the downside, we are looking at 0.90178 (S1) and daily low of 0.90045 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.90759 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -0.96%.
Key levels to watch out:
You might be interested in:
U.S. International Trade in Goods and Services. Census Bureau
Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
Construction Spending. Census Bureau
Consumer prices increased by 0.2% in March 2023. Federal Statistical Office
#USDCHF Trending on Twitter
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.