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USDCHF: finishing down

Fundamental analysis:

USD/CHF remained volatile around 0.92554. Investors' risk appetite pushed down the USD, while U.S. bond yields fell. The Swiss franc strengthened as conditions at troubled Credit Suisse improved. But key issues remain unresolved, and the market doesn't know how much liquidity remains to be disclosed. USD/CHF could become volatile if liquidity issues are seen to escalate.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term dynamics have moved down within a narrow range. Although the market’s short-term momentum has weakened, the downward sentiment is still shrouded. The MACD indicator is hovering above the 0 axis, and the RSI indicator is on the upper side of the 50 balance line;

Resistance levels: 0.92880 0.93104

Support levels: 0.92346 0.92128

Trading strategy: bearish below 0.92676, target 0.92346 0.92128
Alternative strategy: Bullish above 0.92676, target 0.92880 0.93104

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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