USD/CHF remains volatile around 0.89082, as UBS Group AG will cut hundreds of wealth management jobs in Asia months after completing its acquisition of rival Credit Suisse. Sluggish customer activity and a sluggish economy in the region.
USDCHF USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The high level remains weak in the short term, the market's short sentiment gradually emerges, and there are signs of a downward movement in the short term. The MACD indicator is in the bullish zone and fluctuates downward, and the RSI indicator is hovering weakly above the 50 equilibrium line;
Resistance level: 0.89275 0.89377
Support level: 0.88969 0.88845
Trading strategy: Bearish below 0.89147, target 0.88969 0.88845
Alternative strategy: bullish above 0.89147, target 0.89275 0.89377