USDCHF: The shock moves up
2023-04-28
856
Fundamental analysis:
USD/CHF remained volatile around 0.89360. Swiss central bank data showed that the Swiss central bank provided 108 billion Swiss francs of emergency liquidity to Credit Suisse and UBS in the first quarter.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum fluctuates upwards, the market’s bullish sentiment continues, and there are signs of continued volatility in the short term. The MACD indicator is hovering above the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;
Resistance levels: 0.89508 0.89665
Support levels: 0.89098 0.88923
Trading strategy: Bullish above 0.89275, target 0.89508 0.89665
Alternative strategy: bearish below 0.89275, target 0.89098 0.88923
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