USDCHF on Wednesday rose 0.51% to 0.89730. What we know.
|Performance after Wednesday|
|Week to-date||0.67%||59.7 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD GDP Annualized
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
What happened lately
🇨🇭 Switzerland ZEW Survey – Expectations in October exceed forecast and dropped to -37.8 points compared to previous figure -27.6 points in September ZEW
What can we expect from USDCHF today?
USDCHF on Wednesday rose 0.51% to 0.89730. Price is above 9-Day EMA while Stochastic is rising in oversold 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 0.89913 with break above could target R2 at 0.90095 or figure level area. While towards the downside, we are looking at daily low of 0.89202 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89740 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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