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USDCHF: Bulls pull up

2022-12-06
1086
Fundamental analysis:
USD/CHF traded around 0.94234 as investors including Saudi Arabia's Crown Prince Mohammed bin Salman and a U.S. private equity firm run by former Barclays Group chief Bob Diamond prepared to invest in Credit Suisse's (CS.N) new investment bank. Invest $1 billion or more. Crown Prince Mohammed bin Salman is considering an investment of about $500 million to back Credit Suisse's aforementioned new unit, CS First Boston, and its chief executive-designate, Michael Klein.

US dollar Swiss franc USDCHF - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: low short-term wide fluctuations, bullish momentum is strong, the market bulls have continued to move upward, the MACD indicator is in the short zone, and the RSI indicator is in the short zone and moves up to the 0 axis.
Long-short turning point: 0.94136
Suppression: 0.94416, 0.94609
Support: 0.93933, 0.93456
Trading strategy: Bullish above 0.94136, target 0.94416, 0.94609
Alternative strategy: bearish below 0.94136, target 0.93933, 0.93456

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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