USDCHF on Wednesday rose 0.18% to 0.89781. Pair in consolidation. What we know.
|Performance after Wednesday|
|Week to-date||0.56%||50.1 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 Building Permits (1-mth) in March below forecast and dropped to 1.413M compared to previous figure 1.55, revised from 1.524M in February Census Bureau
What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.18% to 0.89781. 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 0.89558 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.90029 or trades above daily pivot 0.89793. Break above could target R1 at 0.90017. While to the downside, we are looking at 0.89558 (S1) and daily low of 0.89570 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.90029 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is mixed as compared to the prior week.
Key levels to watch out:
You might be interested in:
Minutes of the Board’s discount rate meetings from February 21 through March 22, 2023. Federal Reserve
New Residential Construction. Census Bureau
Business Formation Statistics. Census Bureau
#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.