USDCHF on Thursday dropped -0.73% to 0.88946. What we know.

USDCHF Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.73%-65.4 Pips
Week to-date-1.81%-163.9 Pips
April-2.85%-260.5 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 In the week ending 08 April, the Initial Unemployment Insurance Claims rose to 239K compared to previous figure 228K Department of Labor
📆 🇨🇳 CNY Trade Balance in USD | Mar in March exceed forecast and dropped to 88.19$ compared to previous figure 116.8$ in February
📆 🇺🇸 USD Monthly Budget Statement | Mar in March exceed forecast and dropped to -378$ compared to previous figure -262$ in February.
📆 🇺🇸 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


USDCHF 4-hour Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Thursday dropped -0.73% to 0.88946. 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 Thursday trading session.

Looking ahead for the day, immediate support level is at S1 0.88441 with break below could see further selling pressure towards S2 at 0.87935. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.89750 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.88590 would indicate selling pressure.

For the week to-date, take note that USDCHF is bearish as the pair posted lower by -1.81%.

Key levels to watch out:

R30.90761
R20.90255
R10.89601
Daily Pivot0.89095
S10.88441
S20.87935
S30.87281

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

#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

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