USDCHF on Tuesday rose 0.21% to 0.9213. Pair in consolidation. What you need to know before the next trade.

USDCHF by TradingView

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.21%	19.2 Pips
Week to-date	-0.17%	-16.1 Pips
February	0.59%	53.6 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Retail Sales (MoM)
Wed 01:30 PM USD Retail Sales Control Group

What happened lately

📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (MoM) in January unchanged at 0.4% compared to previous report in December. The actual figure is also in line with the forecast. Source

What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.21% to 0.9213. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.91545 (S1).

Looking ahead today, we are looking at 0.9260 or 0.92530 (R1) as important resistance level while to the downside, the daily low of 0.9136 and 0.91545 (S1) as key support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.9234 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:

You might also be interested in:

Producer and Import Price Index rose by 0.7% in January Source: Federal Statistical Office
Consumer prices increased by 0.6% in January 2023 Source: Federal Statistical Office

Last updated: 11:38 pm UTC, 14-Feb 2023

#USDCHF Trending on Twitter