|Performance after Tuesday|
|Week to-date||0.09%||9 Pips|
Upcoming key events (London Time)
Thu 01:30 PM USD Retail Sales (MoM)
Thu 01:30 PM USD Retail Sales Control Group
What happened lately
No major activities.
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.79% to 0.9607. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.95110 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.9633 or trades above daily pivot 0.95720 while to the downside, the daily low of 0.9476 and 0.95110 (S1) as key support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.9633 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: 12:36 am UTC, 14-Sep 2022
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