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USDCHF: low order

2023-03-15
884
Fundamental analysis:

USD/CHF remained volatile around 0.91407. The market predicts that the Federal Reserve will cut interest rates by 25 basis points on March 22. Before the Silicon Valley Bank crisis, the original forecast was to raise interest rates by 50 basis points.

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



Brief technical analysis:

Looking at the 4-hour chart: the low level is in a narrow range, the market as a whole is in a weak position, the MACD indicator is in the short position, and the RSI index is in the short position.

Resistance levels: 0.91807 0.92011

Support levels: 0.91159 0.90906

Trading strategy: bearish below 0.91539, target 0.91159 0.90906
Alternative strategy: Bullish above 0.91539, target 0.91807 0.92011

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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