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USDCHF: Falling low

2023-03-12
939
Fundamental analysis:

USD/CHF remained volatile around 0.92111, and the federal funds rate had no significant impact on the real economy. It will affect housing, banks and start-ups, but beyond that, the impact is limited.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term short-term momentum has fallen rapidly, the short-term decline has not stopped, the market as a whole is in a weak position, the MACD indicator is in the short-selling area and continues to fall, and the RSI indicator is in the short-selling area.

Resistance levels: 0.92197 0.92547

Support levels: 0.91944 0.91776

Trading strategy: bearish below 0.92197, target 0.91944 0.91776
Alternative strategy: Bullish above 0.92197, target 0.92197 0.92547

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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