USDCHF on Tuesday dropped -0.33% to 0.89253. Pair in consolidation. What we know.
|Performance after Tuesday|
|Week to-date||-0.13%||-11.8 Pips|
Upcoming key events (London Time)
Wed 01:15 PM USD ADP Non-Farm Employment Change
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference
What happened lately
🇺🇸 Factory Orders (1-mth) in March exceed forecast and rose to 0.9% compared to previous figure -1.1, revised from -0.7% in February Census Bureau
What can we expect from USDCHF today?
USDCHF on Tuesday dropped -0.33% to 0.89253. 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 0.88997 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89949 or trades above daily pivot 0.89473. Break above could target R1 at 0.89729. While to the downside, we are looking at 0.88997 (S1) and daily low of 0.89217 as support levels. USDCHF need to break on either side to indicate a short-term bias. A close below 0.89217 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:
You might be interested in:
Construction Spending. Census Bureau
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