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USDCHF: high position down

Fundamental analysis:

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

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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