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USDCHF: Falling low
2023-04-13
907
Fundamental analysis:
USD/CHF remained volatile around 0.89577. After UBS rescued Credit Suisse last month, it is considering retaining the latter's Indian private banking subsidiary, paving the way for a possible return to the market later. According to sources familiar with the matter, in recent weeks,
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fluctuate and fall, the short-term decline has not stopped, the market’s bearish sentiment remains, the MACD indicator moves down from the bearish zone, and the RSI indicator hovers at the low level in the bearish zone;
Resistance levels: 0.89609 0.89983
Support levels: 0.89360 0.89200
Trading strategy: bearish below 0.89624, target 0.89360 0.89200
Alternative strategy: bullish above 0.89624, target 0.89609 0.89983
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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