USD/CHF remained volatile around 0.88041. The Swiss trade account in July was 3.129 billion Swiss francs, compared with the previous value of 4.823 billion Swiss francs.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum fluctuates and rises at a high level, the short-term bullish sentiment remains, the bulls in the market are constantly pulling up, the MACD indicator is weakly finishing near the 0 axis, and the RSI indicator is hovering weakly above the 50 balance line;
Resistance levels: 0.88126 0.88207
Support levels: 0.87911 0.87827
Trading strategy: Bullish above 0.87994, target 0.88126 0.88207
Alternative strategy: bearish below 0.87994, target 0.87911 0.87827