USDCHF: high position down
USD/CHF remained volatile around 0.89958 as the collapse of Credit Suisse and U.S. lenders including Silicon Valley Bank in March raised questions about banks' readiness for deposit stress and regulators gauging their ability to withstand a crisis doubt.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart shows that the high-level short-term momentum continues to fluctuate downward, and the short-term decline has not stopped. The market is shrouded in bearish sentiment, and there is a trend of continuous downward movement in the short-term. The MACD indicator is in the bullish area and moves downward. wandering around;
Resistance levels: 0.90186 0.90353
Support levels: 0.89799 0.89649
Trading strategy: bearish below 0.90022, target 0.89799 0.89649
Alternative strategy: Bullish above 0.90022, target 0.90186 0.90353
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