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USDCHF: low volatility

2023-06-18
731
Fundamental analysis:

USD/CHF remained volatile around 0.89365. The Swiss government believes that international inflationary pressures are still high and there are obvious economic risks.

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



Brief technical analysis:

Looking at the 4-hour chart: the low level remains volatile in the short term, the market’s bullish momentum shows signs of moving upwards, the MACD indicator is in the short-term area, and the RSI indicator is in a weak shock on the side below the 50 balance line;

Resistance levels: 0.89520 0.89652

Support levels: 0.89102 0.88988

Trading strategy: Bullish above 0.89259, target 0.89520 0.89652
Alternative strategy: bearish below 0.89259, target 0.89102 0.88988

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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