USDCHF on Tuesday rose 0.48% to 0.9276. Incoming bulls. Winners and losers.

USDCHF by TradingView

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.48%	44 Pips
Week to-date	0.39%	35.8 Pips
February	1.27%	116.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Minutes
Thu 01:30 PM USD Gross Domestic Product Annualized

What happened lately

📆 🇺🇸 USD S&P Global Composite PMI in February preliminary estimate exceed forecast and rose to 50.2 points compared to previous figure 46.8 points in January. Source
📆 🇺🇸 USD S&P Global Services PMI in February preliminary estimate exceed forecast and rose to 50.5 points compared to previous figure 46.8 points in January. Source

What can we expect from USDCHF today?

USDCHF on Tuesday rose 0.48% to 0.9276. Price is above 9-Day EMA while Stochastic is falling.

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 at 0.92978 (R1) while on the downside, we are looking at daily low of 0.9224 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 0.9283 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:

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No major reports.

Last updated: 11:38 pm UTC, 21-Feb 2023

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