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USDCHF: low volatility

2023-06-15
773
Fundamental analysis:

The USD/CHF remains volatile around 0.90098. UBS predicts that in the second quarter of 2023, the core Tier 1 capital adequacy ratio will be about 14%, and will remain around this level throughout 2023. Credit Suisse's operating loss and significant restructuring charges will be more than offset by a reduction in risk-weighted assets.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum continues to fluctuate and move down, the short-term decline stops and reverses, but the downward trend remains, the MACD indicator is in the short-selling area, and the RSI indicator is hovering below the 50 balance line;

Resistance levels: 0.90289 0.90419

Support levels: 0.89974 0.89859

Trading strategy: bearish below 0.90163, target 0.89974 0.89859
Alternative strategy: Bullish above 0.90163, target 0.90289 0.90419

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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