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USDCHF: low order

2023-04-23
910
Fundamental analysis:

USD/CHF remained volatile around 0.89319 as investors pulled a record 4.6 billion euros ($5.04 billion) from its funds as Credit Suisse struggled last month, according to Morningstar data covering the entire month of March, when Credit Suisse is at risk of insolvency, with Swiss financial authorities orchestrating an emergency takeover by rival UBS AG.

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



Brief technical analysis:

Looking at the 4-hour chart: After the short-term momentum moves down, the short-term momentum in the market begins to weaken, and the long-term momentum has signs of waiting for an opportunity to enter the market, but the overall situation is still weak and volatile. The MACD index is hovering below the 0 axis, and the RSI index is below the 50 balance line. weak finishing;

Resistance levels: 0.89503 0.89713

Support levels: 0.89038 0.88873

Trading strategy: Bullish above 0.89274, target 0.89503 0.89713
Alternative strategy: bearish below 0.89274, target 0.89038 0.88873

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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