USDCHF on Tuesday rose 0.89% to 0.90968. End October down by -0.56% or -50.8 pips lower. What we know.
|Performance after Tuesday|
|Week to-date||0.81%||72.8 Pips|
Upcoming key events (London Time)
Wed 12:40 PM CHF SNB’s Chairman Thomas Jordan speech
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Thu 07:30 AM CHF CPI Inflation Rate (12-mth)
What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in August exceed forecast and dropped to 0.6% compared to previous figure 0.8% in July
🇺🇸 U.S. Employment Cost Index in Q3 exceed forecast and rose to 1.1% compared to previous figure 1% in Q2
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.89% to 0.90968. Price is above 9-Day EMA while Stochastic is rising.
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 0.91322 with break above could target R2 at 0.91675 or figure level area. While towards the downside, we are looking at daily low of 0.90091 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91060 may suggest continuation after recent positive movement.
For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.81% over the past few days.
USDCHF ended month of October trading session down by -0.56% or -50.8 pips lower.
Key levels to watch out:
You might be interested in:
Swiss retail trade turnover rose in September 2023 by 0.7%. Federal Statistical Office