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USDCHF: finishing within a narrow range

2023-03-21
820
Fundamental analysis:

The USD/CHF remained volatile around 0.92890, the Swiss Banking Association: We were "deeply shocked" by the acquisition of Credit Suisse by UBS. Many jobs will be at risk after the takeover and we are in contact with the management of Credit Suisse and UBS. After the UBS acquisition, the number of layoffs must be kept to a minimum.

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



Brief technical analysis:

Looking at the 4-hour chart: In the short term, the market will maintain a narrow range, the market as a whole is in a weak and narrow range, the MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is in a narrow range above the 50 balance line;

Resistance levels: 0.93104 0.93317

Support levels: 0.92553 0.92346

Trading strategy: Bullish above 0.92791, target 0.93104 0.93317
Alternative strategy: bearish below 0.92791, target 0.92553 0.92346

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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