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USDCHF: highs down

Fundamental analysis:

USD/CHF remained volatile around 0.93593, with the market widely expecting several more rate hikes before the Fed pauses to assess the impact of tightening policy on the economy.

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

Brief technical analysis:

Looking at the 4-hour chart: the high short-term momentum continues to fall, the short-term decline may continue, the market as a whole is in a weak position, the MACD indicator is in the bullish area and moves down, and the RSI indicator is hovering above the 50 balance line;

Long-short turning point: 0.93685

Suppression: 0.93841, 0.94015
Support: 0.93405, 0.93248

Trading strategy: bearish below 0.93685, target 0.93405, 0.93248
Alternative strategy: Bullish above 0.93685, target 0.93841, 0.94015

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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