USDCHF: low pull up
2023-04-26
840
Fundamental analysis:
USD/CHF remained volatile around 0.89185. UBS CEO Ermotti said he did not think the Credit Suisse deal would face regulatory hurdles. There is no immediate need for layoffs. The Credit Suisse deal needs approval from the European Central Bank to complete.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: After the short-term momentum continued to fluctuate and move down, the low-level short-term consolidation reversed and pulled up. The market’s bullish sentiment began to emerge, and there were signs of continued upward movement in the short term. The MACD index was in the short-term area and rose slowly. weak finishing;
Resistance levels: 0.89337 0.89470
Support levels: 0.88924 0.88723
Trading strategy: Bullish above 0.89096, target 0.89337 0.89470
Alternative strategy: bearish below 0.89096, target 0.88924 0.88723
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