USDCHF on Thursday dropped -0.54% to 0.89248. What we know.
USDCHF Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.54% | -48.2 Pips |  | ||
| Week to-date | -0.04% | -3.2 Pips |  | ||
| April | -2.44% | -223.2 Pips | | ||
Upcoming key events (London Time)
No major events for the day.
What happened lately
In the week ending 15 April, the Initial Unemployment Insurance Claims rose to 245K compared to 240K, revised from 239K in the previous report Department of Labor 🇺🇸 Philadelphia Fed Manufacturing Survey in April exceed forecast and dropped to -31.3 points compared to previous figure -23.2 points in March
What can we expect from USDCHF today?
USDCHF on Thursday dropped -0.54% to 0.89248. Price is below 9-Day EMA while Stochastic is falling.
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 0.88996 with break below could see further selling pressure towards S2 at 0.88744. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.89832 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89162 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:
| R3 | 0.90336 |
| R2 | 0.90084 |
| R1 | 0.89666 |
| Daily Pivot | 0.89414 |
| S1 | 0.88996 |
| S2 | 0.88744 |
| S3 | 0.88326 |
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Minutes of the Board’s discount rate meetings from February 21 through March 22, 2023. Federal Reserve New Residential Construction. 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%
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