USDCHF on Wednesday rose 0.24% to 0.9236. Bullish momentum. What you need to know.

USDCHF on Wednesday rose 0.24% to 0.9236.  Bullish momentum. What you need to know.



Wednesday
Open High Low Close
0.92152 0.92627 0.92070 0.92358
Performance after Wednesday
Period Pct Chg Momentum
Wednesday 0.24% 21.8 Pips
Week to-date 0.07% 6.5 Pips
February 0.83% 76.2 Pips

Upcoming key events (London Time)

No further events

What happened lately

📆 ☢️ 🇺🇸 USD Retail Sales Control Group in January exceed forecast and rose to 1.7% compared to previous figure -0.7% in December. Source
📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (YoY) in January exceed forecast and dropped to 5.6% compared to previous figure 5.7% in December. Source


What can we expect from USDCHF today?

USDCHF on Wednesday rose 0.24% to 0.9236. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is at 0.92633 (R1) while on the downside, we are looking at daily low of 0.9207 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 0.9263 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 0.93190
R2 0.92909
R1 0.92633
Daily Pivot 0.92352
S1 0.92076
S2 0.91795
S3 0.91519

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CPI for all items rises 0.5% in January as shelter increases Source: Bureau of Labor Statistics Publications
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, 15-Feb 2023

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