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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