USDCHF on Thursday rose 1.24% to 0.89767. What we know.

USDCHF Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday1.24%109.9 Pips
Week to-date1.63%144.4 Pips
March1.49%131.7 Pips

Upcoming key events (London Time)

Fri 01:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in March dropped to 3.2 points compared to previous figure 5.2 points in February
🇨🇭 Switzerland SNB Interest Rate Decision (Policy Rate) below forecast and dropped to 1.5% compared to previous rate 1.75% Source: Swiss National Bank
🇺🇸 U.S. Interest Rate Projections – 2nd year dropped to 3.1% compared to previous rate 3.6%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
🇺🇸 U.S. Interest Rate Projections – Longer rose to 2.6% compared to previous rate 2.5%
🇺🇸 U.S. Interest Rate Projections – 1st year below forecast and dropped to 3.9% compared to previous rate 4.6%
🇺🇸 U.S. Interest Rate Projections dropped to 4.6% compared to previous rate 5.4%

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What can we expect from USDCHF today?

USDCHF on Thursday rose 1.24% to 0.89767. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

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 0.90342 with break above could target R2 at 0.90916 or figure level area. While towards the downside, we are looking at daily low of 0.88389 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.89940 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 1.63% over the past few days.

Key levels to watch out:

R30.91893
R20.90916
R10.90342
Daily Pivot0.89365
S10.88791
S20.87814
S30.8724

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