USDCHF: low move up

Fundamental analysis:

USD/CHF remained volatile around 0.94870. Credit Suisse (CS.N) Swiss business director Andre Helfenstein said in an interview that some depositors withdrew some of their assets, but only a very small number of customers closed their accounts. The bank lost 1% of its asset base in Switzerland, and client assets have stabilized. The option to spin off the Swiss and international businesses was not considered, nor was the sale of the private client business and asset management business discussed.

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

Brief technical analysis:

Looking at the 4-hour chart: the momentum of the low-level bulls is slowly oscillating upwards, the overall bulls in the market are slowly entering the market, the MACD indicator is hovering weakly below the 0 axis, and the RSI indicator is finishing near the 50 balance line;

Long-short turning point: 0.94706

Suppression: 0.95254, 0.95616

Support: 0.94351, 0.94007

Trading strategy: Bullish above 0.94706, target 0.95254, 0.95616

Alternative strategy: bearish below 0.94706, target 0.94351, 0.94007