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USDCHF: strong pull up

2023-06-13
741
Fundamental analysis:

USD/CHF remained volatile around 0.90827. The Swiss financial market regulator (FINMA) said it would closely monitor UBS's acquisition of Credit Suisse. The combined bank has the capital and liquidity necessary to quickly mitigate risk and successfully complete the integration.

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



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum is strong and rising, the short-term bullish sentiment remains, the market bulls continue to climb, the MACD index maintains shocks and moves up to the 0 axis and hovers weakly, and the RSI index is weakly finishing above the 50 balance line;

Resistance levels: 0.91013 0.91129

Support levels: 0.90717 0.90611

Trading strategy: Bullish above 0.90827, target 0.91013 0.91129
Alternative strategy: bearish below 0.90827, target 0.90717 0.90611

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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