USDCHF on Wednesday dropped -0.43% to 0.90620. What we know.
|Performance after Wednesday|
|Week to-date||0.45%||40.3 Pips|
Upcoming key events (London Time)
Thu 07:30 AM CHF CPI Inflation Rate (12-mth)
Fri 12:30 PM USD Nonfarm Payroll Employment
What happened lately
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Federal Reserve
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in September exceed forecast and rose to 9.553M compared to previous figure 9.497, revised from 9.61M in August Bureau of Labor Statistics
🇺🇸 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 Wednesday dropped -0.43% to 0.90620. Price is above 9-Day EMA while Stochastic is rising.
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 0.9044 with break below could see further selling pressure towards S2 at 0.90261. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.91125 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90603 would indicate selling pressure.
For the week to-date, take note that USDCHF is bullish as the pair continued to trade higher and is up by 0.45% over the past few days.
Key levels to watch out:
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