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USDCHF: finishing moves up
2023-07-25
758
Fundamental analysis:
USD/CHF remained volatile around 0.86955, and the PMI data of many European countries was poor. The dollar was supported by intraday losses in European currencies as investors awaited the Federal Reserve's policy meeting later this week.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is slowly rising after short-term narrow-range consolidation, the market is gradually bullish, and there is a short-term upward trend, the MACD indicator is on the 0 axis and the RSI indicator is in the bullish zone and fluctuates upward;
Resistance levels: 0.87198 0.87458
Support levels: 0.86569 0.86295
Trading strategy: Bullish above 0.86829, target 0.87198 0.87458
Alternative strategy: bearish below 0.86829, target 0.86569 0.86295
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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