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USDCHF: Up from highs

2023-09-08
640
Fundamental analysis:

The US dollar remained volatile against the Swiss franc around 0.89265. Switzerland's seasonally adjusted unemployment rate in August was 2.1%, expected to be 2.10%, and the previous value was 2.10%.

USDCHF USDCHF - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum remains volatile at a high level, the market’s bullish sentiment continues, and there is a trend of continuing to fluctuate and move upward in the short term.

Resistance level: 0.89362 0.89460

Support level: 0.89094 0.88969

Trading strategy: Bullish above 0.89203, target 0.89362 0.89460
Alternative strategy: bearish below 0.89203, target 0.89094 0.88969

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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