USDCHF rises 0.24% to 0.79100 on Wednesday
USDCHF Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.2408% | 19.0 Pips | ▲ |
| Week to-date | 0.8414% | 66.0 Pips | ▲ |
| April | -1.0136% | -81.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) |
| Thu 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (12-mth) |
| Thu 08:30 PM | USD | HIGH | GDP annual rate |
| Thu 08:30 PM | USD | HIGH | GDP Price Index (Quarterly) |
| Fri 06:00 AM | CHF | NONE | Labour Day |
What can we expect from USDCHF today?
Today, the USDCHF pair is showing a bullish daily outlook, with a performance increase of 0.2408% and a closing price of 0.79100. Traders in Southeast Asia should keep an eye on the pair’s movement around key technical levels.
📈 Bull Scenario A bullish scenario for USDCHF could be triggered if the price continues to stay above the daily pivot of 0.79047 and breaks through the immediate resistance level at R1, which is 0.79294. Should the momentum persist, traders should watch for a further rise towards the next resistance level at R2, 0.79487, which could signal a stronger bullish trend. | 📉 Bear Scenario Conversely, a bearish scenario might unfold if the USDCHF fails to maintain its position above the daily pivot and instead falls below the first support level at S1, 0.78854. A sustained move below this level could lead to further declines, with the next support level at S2, 0.78607, acting as a potential target for bearish traders. |
Key levels to watch out:
| R3 | 0.79734 |
| R2 | 0.79487 |
| R1 | 0.79294 |
| Daily Pivot | 0.79047 |
| S1 | 0.78854 |
| S2 | 0.78607 |
| S3 | 0.78414 |
