Forex

USDCHF on Tuesday rose 0.42% to 0.91578. What we know.

USDCHF on Tuesday rose 0.42% to 0.91578. What we know.
USDCHF on Tuesday rose 0.42% to 0.91578.  What we know.

USDCHF Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.42% 38.5 Pips
Week to-date 1.04% 94.1 Pips
September 3.7% 326.8 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
Thu 09:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

?? U.S. New-Home Sales Change (1-mth) in August below forecast and dropped to -8.7% compared to previous figure 4.4% in July
?? U.S. Housing Price Index (1-mth) in July exceed forecast and rose to 0.8% compared to previous figure 0.4, revised from 0.3% in June


What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.42% to 0.91578. Price is above 9-Day EMA while Stochastic is rising in overbought 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 R1 at 0.91724 with break above could target R2 at 0.91871 or figure level area. While towards the downside, we are looking at daily low of 0.91183 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.91600 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 1.04% over the past few days.

Key levels to watch out:

R3 0.92141
R2 0.91871
R1 0.91724
Daily Pivot 0.91454
S1 0.91307
S2 0.91037
S3 0.9089

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