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USDCHF: high order

Fundamental analysis:

USD/CHF remained volatile around 0.90574, with just over $400 million in deferred compensation for middle managers at Credit Suisse reduced to zero and several bankers preparing to sue the Swiss Financial Market Supervisory Authority over their losses. The Swiss government confirmed plans to cut bonuses for around 1,000 of Credit Suisse's most senior bankers for 2022 and 2023.

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

Brief technical analysis:

Looking at the 4-hour chart: After the bullish momentum continued to fluctuate and rise, the high level fluctuated within a narrow range. The bullish upward momentum in the market began to weaken, but the upward trend remained. The MACD indicator continued to fluctuate and move upward in the bullish zone, and the RSI indicator remained in the bullish zone.

Resistance levels: 0.90689 0.90799

Support levels: 0.90376 0.90273

Trading strategy: Bullish above 0.90502, target 0.90689 0.90799
Alternative strategy: bearish below 0.90502, target 0.90376 0.90273

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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