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USDCHF: strong up

Fundamental analysis:

USD/CHF remained volatile around 0.89418. SNB President Jordan: further monetary policy tightening is not ruled out; wage-price spiral growth is not expected, but there is such a risk. Nominal Swiss franc appreciation is mainly due to overseas inflation.

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

Brief technical analysis:

Looking at the 4-hour chart: The bullish momentum maintains a volatile upward trend, and there are signs of continued strong upward trend in the short term. The market is shrouded in bullish sentiment. The MACD indicator is in the bullish area and moves up, and the RSI indicator is in a weak order on the side of the 50 balance line;

Resistance levels: 0.89530 0.89635

Support levels: 0.89537 0.89138

Trading strategy: Bullish above 0.89349, target 0.89530 0.89635
Alternative strategy: bearish below 0.89349, target 0.89537 0.89138

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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