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USDCHF: high rise

2023-02-27
1048
Fundamental analysis:

USD/CHF remained volatile around 0.94050, the ups and downs of geopolitical tensions between Russia and Ukraine have lasted for the first year and are at risk of escalation. Geopolitical issues have become more important recently, and the involvement of the United States and China actually puts the Russian-Ukrainian situation in a bad direction.

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



Brief technical analysis:

Looking at the 4-hour chart: the high level continues to rise, the short-term bullish sentiment continues, the market bulls continue to rise, the MACD indicator is at a high level in the bullish zone, and the RSI indicator is at a high level in the bullish zone and moves up to the overbought zone.

Long-short turning point: 0.93962

Suppression: 0.94195, 0.94357
Support: 0.93812, 0.93662

Trading strategy: Bullish above 0.93962, target 0.94195, 0.94357
Alternative strategy: bearish below 0.93962, target 0.93812, 0.93662

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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