USDCHF on Thursday rose 0.6% to 0.88391. What we know.

USDCHF Analysis

Performance after Thursday
Thursday0.6%52.9 Pips
Week to-date0.86%75.1 Pips
March-0.06%-5.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Monthly Retail Trade (1-mth) in February rose to 0.6% compared to previous figure -0.8% in January Source: Census Bureau
🇺🇸 U.S. PPI excluding Food and Energy sectors (12-mth) in February unchanged at 2% compared to previous report in January.

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Thursday rose 0.6% to 0.88391. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.88601 with break above could target R2 at 0.8881 or figure level area. While towards the downside, we are looking at daily low of 0.87816 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.88418 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:

Daily Pivot0.88208

Leave a comment

Your email address will not be published. Required fields are marked *