USDCHF on Wednesday dropped -0.79% to 0.89600. Winners and losers.
USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.79% | -71.6 Pips |  | ||
| Week to-date | -1.07% | -96.8 Pips | | ||
| April | -2.12% | -193.8 Pips | | ||
Upcoming key events (London Time)
Fri 01:30 PM USD Retail Trade Turnover (1-mth) | Mar Fri 03:00 PM USD Michigan Index of Consumer Sentiment | Apr flash
What happened lately
📆 🇺🇸 USD CPI Inflation Rate (12-mth) | Mar in March below forecast and dropped to 5% compared to previous figure 6% in February. Bureau of Labor Statistics
What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.79% to 0.89600. Price is below 9-Day EMA while Stochastic is in oversold zone.
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 S1 0.89237 with break below could see further selling pressure towards S2 at 0.88874. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.90349 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89430 would indicate selling pressure.
For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.07%.
Key levels to watch out:
| R3 | 0.91075 |
| R2 | 0.90712 |
| R1 | 0.90156 |
| Daily Pivot | 0.89793 |
| S1 | 0.89237 |
| S2 | 0.88874 |
| S3 | 0.88318 |
You might be interested in:
Minutes of the Federal Open Market Committee, March 21-22, 2023. Federal Reserve CPI for all items rises 0.1% in March as shelter increases. Bureau of Labor Statistics Publications Monthly Wholesale Trade: Sales and Inventories. Census Bureau
#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%
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