|Performance after Tuesday|
|Week to-date||0.35%||32.2 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD Durable Goods Orders
Thu 01:30 PM USD Gross Domestic Product Annualized
Thu 01:30 PM USD Nondefense Capital Goods Orders ex Aircraft
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.09% to 0.9225. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.91842 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.9280 or trades above daily pivot 0.92318 while to the downside, the daily low of 0.9191 and 0.91842 (S1) as key support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.9280 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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Last updated: 11:36 pm UTC, 24-Jan 2023
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