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USDCHF: low move down

2023-03-14
875
Fundamental analysis:

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

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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