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USDCHF: wide range shock

2023-05-28
754
Fundamental analysis:

USD/CHF traded around 0.90468 as UBS and Credit Suisse offered their wealth bankers in Asia a rare incentive to bring in fresh money.

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



Brief technical analysis:

Looking at the 4-hour chart: short-term highs and wide fluctuations, short-term short-term sentiment is gradually emerging, the market as a whole is in a high-level and bearish trend, the MACD indicator is in the bullish area, and the RSI indicator is hovering weakly above the 50 balance line;

Resistance levels: 0.90630 0.90754

Support levels: 0.90349 0.90234

Trading strategy: bearish below 0.90502, target 0.90349 0.90234
Alternative strategy: bullish above 0.90502, target 0.90630 0.90754

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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