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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

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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