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USDCHF: high volatility

2023-02-17
999
Fundamental analysis:

USD/CHF remained volatile around 0.92559. The Swiss Federal Council pointed out that the decline in revenue and a large number of special expenditures related to the new crown epidemic have led to a fiscal deficit of 4.3 billion Swiss francs for the Swiss Confederation in 2022

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



Brief technical analysis:

The 4-hour chart: the high level fluctuated briefly, the first bullish sentiment began to emerge, the MACD indicator was hovering above the 0 axis, and the RSI indicator was on the side of the 50 balance line for weak consolidation;

Long-short turning point: 0.92479

Suppression: 0.92679, 0.92807
Support: 0.92329, 0.92187

Trading strategy: Bullish above 0.92479, target 0.92679, 0.92807
Alternative strategy: bearish below 0.92479, target 0.92329, 0.92187

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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