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USDCHF: Continues to decline
2023-04-25
878
Fundamental analysis:
USD/CHF remained volatile around 0.88760, and Credit Suisse had a goodwill impairment of 1.3 billion Swiss francs, most of which were in the wealth management and investment banking divisions. Credit Suisse (CS.N) has borrowed 108 billion Swiss francs from the Swiss National Bank. The investment banking division is expected to post a "significant" loss in the second quarter.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term dynamics remain volatile and continue to decline, short-term short-term sentiment is shrouded, the market as a whole is in a bearish mood, the MACD indicator is in the bearish area and continues to decline, and the RSI indicator is in the bearish area to maintain consolidation;
Resistance: 0.88999 0.89199
Support levels: 0.88618 0.88460
Trading strategy: bearish below 0.88629, target 0.88618 0.88460
Alternative strategy: Bullish above 0.88629, target 0.88999 0.89199
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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