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USDCHF: high down

2023-01-13
989
Fundamental analysis:
USD/CHF remained volatile around 0.92766, and as the dollar weakened, the Swiss franc was well supported. The global economy faces a severe slowdown, with many countries in recession, which could make the Swiss franc more attractive.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level short-term dynamics fluctuate downward, the market's bearish trend may continue, the overall short-term sentiment in the market emerges, the MACD indicator is in a narrow range in the bullish area, and the RSI indicator is hovering weakly near the 50 balance line;
Long-short turning point: 0.92842
Suppression: 0.92995, 0.93153
Support: 0.92604, 0.92456
Trading strategy: bearish below 0.92842, target 0.92604, 0.92456
Alternative strategy: Bullish above 0.92842, target 0.92995, 0.93153

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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