• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 13, local time, according to Pakistani military sources, the Pakistani military successfully carried out airstrikes in Afghanistan, targeting four terrorist hideouts between the night of March 12 and the early morning of March 13. These included military facilities linked to Afghan forces and armed groups affiliated with the Pakistani Taliban. Targets also included fuel storage facilities at Kandahar Airport and nearby logistical infrastructure. On the same day, the Afghan Ministry of Defense announced that the Afghan Air Force attacked a strategic military center and facilities in the Kohat district of Khyber Pakhtunkhwa province, Pakistan, causing significant casualties and property damage. This was reportedly a response to Pakistans attacks on Afghanistan the previous night.Israeli security officials: Iran still has 150 missile launch platforms, and we will continue to strike them.On Friday, March 13, the Hang Seng Index closed down 251.16 points, or 0.98%, at 25,465.6; the Hang Seng Tech Index closed down 49.56 points, or 0.99%, at 4,978.08; the H-share Index closed down 28.07 points, or 0.32%, at 8,671.48; and the Red Chip Index closed down 19.57 points, or 0.45%, at 4,329.75.Hong Kong stocks closed with the Hang Seng Index down 0.98% and the Hang Seng Tech Index down 0.99%; precious metals and pharmaceutical sectors were weak throughout the day.On March 13th, Citigroup released a research report stating that during the fourth-quarter earnings briefing and follow-up activities, Li Auto (02015.HK) management disclosed a sales target of over 20% growth for 2026, with a full-year vehicle gross margin of 15%. The bank lowered its 2026 and 2027 net profit forecasts to reflect the downward revision of gross margin forecasts and the upward revision of operating expense assumptions. It maintained a neutral rating and a target price of HK$72.7.

Extends Recovery Off 100-HMA Towards Critical Resistance at 0.9230 in USD/CHF Price Analysis

Daniel Rogers

Mar 30, 2023 16:02

USD:CHF.png 

 

Following yesterday's retreat, USD/CHF investors are back at the table on Thursday morning as the currency pair's price continues to rise around 0.9200. Consequently, the Swiss currency pair recovers from the 100-Hour Moving Average (HMA) and validates the upwardly sloping RSI (14) line, indicating that the market is not overbought.

 

As a result, USD/CHF investors should see further gains. A confluence of an ascending trend line from last Friday and a three-week-old descending resistance line near 0.9230 appears to be an insurmountable barrier for pair buyers to overcome before regaining control.

 

If USD/CHF buyers are able to maintain control above 0.9230, an advance to 0.9300 and the monthly high near 0.9340 cannot be ruled out. A decisive break above 0.9340, however, would not hesitate to challenge the monthly high near 0.9440.

 

In contrast, the 100-HMA level surrounding 0.9180 restricts the immediate downside of the USD/CHF price, and a breach of this level could drive prices toward a rising support line from March 13, close to 0.9150.

 

Notably, the USD/CHF pair's susceptibility beyond 0.9150 makes it susceptible to testing the monthly low around 0.9070.

 

Overall, the USD/CHF pair is likely to rise further, but confirmation of the uptrend is needed at 0.9230.