USDCHF: low order
2023-04-07
821
Fundamental analysis:
USD/CHF remained volatile around 0.090445. Swiss Statistics Office: The unemployment rate in Switzerland in March 2022 was 2.4% without seasonal adjustment, and 2.2% after seasonal adjustment. On Good Friday in the United States, CME's foreign exchange futures contracts ended trading at 00:15 on the 8th Beijing time.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: The short-term dynamics remain weak at a low level and slowly decline. Although the short-term decline has weakened, it is still moving downward.
Resistance levels: 0.90704 0.90886
Support levels: 0.90291 0.90137
Trading strategy: bearish below 0.90539, target 0.90291 0.90137
Alternative strategy: Bullish above 0.90539, target 0.90704 0.90886
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