USDCHF on Wednesday dropped -0.49% to 0.90059. What we know.
|Performance after Wednesday|
|Week to-date||-0.24%||-21.3 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD Monthly Retail Trade (1-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve
🇺🇸 U.S. Interest Rate Projections – Longer unchanged at 2.5% compared to previous rate 2.5%
🇺🇸 U.S. Interest Rate Projections – 1st year rose to 4.6% compared to previous rate 4.3%
🇺🇸 U.S. Interest Rate Projections – 2nd year rose to 3.4% compared to previous rate 3.1%
🇺🇸 U.S. CPI Inflation Rate (12-mth) in May below forecast and dropped to 4% compared to previous figure 4.9% in April Bureau of Labor Statistics
What can we expect from USDCHF today?
USDCHF on Wednesday dropped -0.49% to 0.90059. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at S1 0.89605 with break below could see further selling pressure towards S2 at 0.89151. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.90603 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.89650 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:
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting. Federal Reserve
Federal Reserve issues FOMC statement. Federal Reserve
CPI for all items rises 0.1% in May; shelter and used cars and trucks up. Bureau of Labor Statistics
#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.