USD/CHF remained volatile around 0.91158, U.S. bond yields fell sharply, and the uncertainty caused by the collapse of Silicon Valley banks prompted investors to seek hedging, betting that the Fed may find it difficult to accelerate interest rate hikes again this month, and does not rule out interest rate cuts within the year possible.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum is moving down at a low level, the short-term decline may continue, the market as a whole is in a bearish mood, the MACD indicator is in the bearish area, the market is down, and the RSI indicator is in the short-term area.
Resistance levels: 0.91518 0.91807
Support levels: 0.90906 0.90624
Trading strategy: bearish below 0.91265, target 0.90906 0.90624
Alternative strategy: Bullish above 0.91265, target 0.91518 0.91807