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USDCHF: Climbing High

Fundamental analysis:

USD/CHF remained volatile around 0.93145. Switzerland's ZEW economic conditions index in February was 18.5, compared with 26.7 previously, a new high since February 2022.

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

Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum continues to fluctuate and rise, and the short-term bullish sentiment is shrouded, and it is about to break through the previous high node. The MACD indicator is in the bullish zone and is slowly rising, and the RSI indicator is in the bullish zone and continues to move upward;

Long-short turning point: 0.93082

Suppression: 0.93250, 0.93373
Support: 0.93974, 0.92848

Trading strategy: Bullish above 0.93082, target 0.93250, 0.93373
Alternative strategy: bearish below 0.93082, target 0.93974, 0.92848

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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