USDCHF on Wednesday dropped -0.49% to 0.90302. What we know.

USDCHF on Wednesday dropped -0.49% to 0.90302. What we know.
USDCHF on Wednesday dropped -0.49% to 0.90302.  What we know.

USDCHF Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday -0.49% -44.7 Pips
Week to-date 0.22% 20.2 Pips
April 0.22% 20.2 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in February rose to 8.756M compared to previous figure 8.748, revised from 8.863M in January Source: Bureau of Labor Statistics
🇺🇸 U.S. Factory Orders (1-mth) in February rose to 1.4% compared to previous figure -3.8, revised from -3.6% in January Source: Census Bureau
🇨🇭 Switzerland Real Retail Trade (12-mth) in February dropped to -0.2% compared to previous figure 0.3% in January Source: Federal Statistical Office

Latest from X (Twitter)

What can we expect from USDCHF today?

USDCHF on Wednesday dropped -0.49% to 0.90302. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bearish as the pair posted lower in Wednesday trading session.

Looking ahead for the day, immediate support level is at S1 0.90035 with break below could see further selling pressure towards S2 at 0.89768. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.90953 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.90227 would indicate selling pressure.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R3 0.91487
R2 0.9122
R1 0.90761
Daily Pivot 0.90494
S1 0.90035
S2 0.89768
S3 0.89309

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