USDCHF on Tuesday rose 0.22% to 0.89755. What we know.
|Performance after Tuesday|
|Week to-date||0.43%||38.7 Pips|
Upcoming key events (London Time)
Wed 03:00 PM USD Federal Reserve Chair Jerome Powell testifies
Thu 08:30 AM CHF SNB Interest Rate Decision (Policy Rate)
What happened lately
🇺🇸 U.S. Building Permits (1-mth) in May exceed forecast and rose to 1.491M compared to previous figure 1.417, revised from 1.416M in April Census Bureau
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.22% to 0.89755. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for USDCHF looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.90002 with break above could target R2 at 0.90249 or figure level area. While towards the downside, we are looking at daily low of 0.89530 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.90013 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:
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