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USDCHF: rising from highs
2023-09-07
668
Fundamental analysis:
The U.S. dollar remains volatile against the Swiss franc around 0.89103. UBS Group CEO: The Swiss National Bank needs to introduce more flexible liquidity policies in response to the crisis.
USDCHF USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: the bullish dynamics fluctuate after rising at a high level, short-term bullish sentiment is shrouded, the market bullish trend remains, the MACD indicator moves up from the high level in the bullish zone, and the RSI indicator is in the bullish zone and oscillates;
Resistance level: 0.89218 0.89331
Support level: 0.88905 0.88785
Trading strategy: Bullish above 0.89034, target 0.89218 0.89331
Alternative strategy: bearish below 0.89034, target 0.88905 0.88785
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