USDCHF on Tuesday rose 0.58% to 0.9543. Incoming bulls. Winners and losers.

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Open High Low Close
0.94890 0.95455 0.94550 0.95430
Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.58% 54.7 Pips
Week to-date 0.88% 83.7 Pips
November -4.65% -465.4 Pips

Upcoming key events (London Time)

Wed 01:15 PM USD ADP Employment Change
Wed 01:30 PM USD Gross Domestic Product Annualized
Wed 06:30 PM USD Fed’s Chair Powell speech
Thu 03:00 PM USD ISM Manufacturing PMI

What happened lately

📆 🇺🇸 USD Housing Price Index (MoM) in September exceed forecast and rose to 0.1% compared to previous figure -0.7% in August. Source
📆 🇺🇸 USD S&P/Case-Shiller Home Price Indices (YoY) in September below forecast and dropped to 10.4% compared to previous figure 13.1% in August. Source

What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.58% to 0.9543. Price is above 9-Day EMA while Stochastic is rising but in oversold zone.

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 at 0.95740 (R1) while on the downside, we are looking at daily low of 0.9455 as an important support. Break below this level could weaken the current bullish momentum. USDCHF need to break on either side to indicate a short-term bias. A break above 0.9546 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDCHF is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.96645
R2 0.96050
R1 0.95740
Daily Pivot 0.95145
S1 0.94835
S2 0.94240
S3 0.93930

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Last updated: 11:38 pm UTC, 29-Nov 2022

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