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USDCHF: high rise

2023-05-25
802
Fundamental analysis:

USD/CHF remained volatile around 0.90495 as Julius Baer, one of Switzerland's largest banks, notified its clients in Russia and Belarus that their investment accounts had been frozen at the request of the European depositary, Euroclear.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level bullish momentum continues to fluctuate and rise, and after breaking through the previous high-level node in the short term, it fluctuates, and the market is still bullish. The MACD indicator is in the long-term zone and the RSI indicator is in the long-term zone.

Resistance levels: 0.90629 0.90755

Support levels: 0.90298 0.90165

Trading strategy: Bullish above 0.90432, target 0.90629 0.90755
Alternative strategy: bearish below 0.90432, target 0.90298 0.90165

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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