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USDCHF: rising from highs

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

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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