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USDCHF: high adjustment

2023-05-30
723
Fundamental analysis:

The USD/CHF remained volatile around 0.90401, and the Swiss Federal Railways may sell companies, businesses and assets in a strategic review.

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



Brief technical analysis:

4-hour chart: high short-term adjustment and retracement, market bearish sentiment gradually emerges, short-term decline may continue, the market as a whole is in a bearish trend, MACD index is in the bullish area and fluctuates downward, RSI index is weak near the 50 balance line tidy;

Resistance levels: 0.90631 0.90754

Support levels: 0.90261 0.90111

Trading strategy: bearish below 0.90480, target 0.90261 0.90111
Alternative strategy: bullish above 0.90480, target 0.90631 0.90754

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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