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USDCHF: finishing moves up
2023-03-26
919
Fundamental analysis:
USD/CHF remained volatile around 0.91949. During the Credit Suisse crisis, the performance of the Swiss franc did not match its reputation as a safe-haven currency, and investors turned to other safe-haven assets. The Swiss franc fell 0.9% against the dollar in the week since the Swiss Finance Ministry announced on March 13 that regulators were keeping a close eye on Credit Suisse.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls is slowly finishing upwards, the market’s bullish sentiment is gradually emerging, the MACD indicator is in the bearish area, and the RSI indicator is hovering weakly below the 50 balance line;
Resistance levels: 0.92191 0.92394
Support levels: 0.91638, 0.91408
Trading strategy: Bullish above 0.91848, target 0.92191 0.92394
Alternative strategy: bearish below 0.91848, target 0.91638, 0.91408
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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