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USDCHF: low up

2023-01-24
1018
Fundamental analysis:

USD/CHF remained volatile around 0.92184 Market optimism triggered by China, weak U.S. data and comments from Federal Reserve officials together boosted the Swiss franc. He said the transfer of Russian assets frozen by sanctions to Ukraine would violate Swiss law.

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



Brief technical analysis:

4-hour chart: Low bullish dynamics continue to fluctuate in a narrow range, short-term bullish sentiment is shrouded, market bullish dynamics continue to fluctuate in a wide range and pull up, MACD indicator is in the bearish area and moves upward to hover around the 0 axis, RSI indicator is above the 50 balance line Weak wandering;

Long-short turning point: 0.92085

Suppression: 0.92403, 0.92607
Support: 0.91890, 0.91712

Trading strategy: Bullish above 0.92085, target 0.92403, 0.92607
Alternative strategy: bearish below 0.92085, target 0.91890, 0.91712

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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