USDCHF on Wednesday rose 0.24% to 0.89860. What we know.
USDCHF Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.24% | 21.5 Pips |  | ||
| Week to-date | 0.03% | 2.8 Pips |  | ||
| May | 0.54% | 47.9 Pips | | ||
Upcoming key events (London Time)
No major events for the day.
What happened lately
USD Building Permits (1-mth) in April dropped to 1.416M compared to previous figure 1.437M (revised from 1.413M). Census Bureau 🇺🇸 Retail Trade Control Group in April rose to 0.7% compared to previous figure -0.4, revised from -0.3% in March Census Bureau
What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.24% to 0.89860. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.90251 with break above could target R2 at 0.90643 or figure level area. While towards the downside, we are looking at daily low of 0.89480 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90257 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:
| R3 | 0.91028 |
| R2 | 0.90643 |
| R1 | 0.90251 |
| Daily Pivot | 0.89866 |
| S1 | 0.89474 |
| S2 | 0.89089 |
| S3 | 0.88697 |
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New Residential Construction. Census Bureau Manufacturing and Trade Inventories and Sales. Census Bureau Advanced Monthly Sales for Retail and Food Services. Census Bureau
The number of employed persons rose by 2.1% and the unemployment rate (ILO definition) fell to 4.3% in the 1st quarter 2023. Federal Statistical Office Producer and Import Price Index rose by 0.2% in April. Federal Statistical Office
#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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