No problems to speak of using this, so far:

 

I did a flush last year on my old XC70 and used the OEM stuff:

Power Steering Fluid - Genuine Volvo 30741424

Power Steering Fluid - Genuine Volvo 30741424

www.fcpeuro.com

The difference in color was pretty drastic! Brought my steering back to life too. However, while I used the "Volvo" stuff, that Pentosin CHF stuff Fred mentioned above might have actually been the factory fluid for your year. Reviews show nothing but good reports, so I'm sure it'd be more than fine. Heck, they might actually even be the same stuff. I dunno. Only $5 difference per liter. Sure you can't go wrong either way:

CHF202 Fluid (1 Liter) - Pentosin 00004330574

CHF202 Fluid (1 Liter) - Pentosin 00004330574

www.fcpeuro.com

 

NAPA sells the CHF in smaller plastic bottles too, no need to buy a full Qt unless you want to flush and fill.
i just top off.

 

I did a full flush and fill like in Volvosweden's YT tutorial. Pretty impressive how it comes out clearer and clearer each time til it's perfect. That said, I wonder how good it would be to do what I read one guy say in the comment section; that at each oil change, he'd simply suck out everything from the reservoir and re-fill, so after about each 50K or so (so like doing that 10 times), you'd effectively have replaced all your fluid over time. Seems it would continually keep it sorta clean too.

 

Cursed at it on swedish, helps sometimes, but sometimes not... girls..🤩

 

mine has a small leak, also known as a slow flush.

 

I feel your pain, had to go through the same thing when picking out what engine oil to use

 

I have been using 5w-40 LiquiMoly but my store is discontinuing LiquiMoly to switch to Quartz so when the 5w-30 went to half price I bought 5 5L bottles. I'm good for a while. Waiting for the 5w-40 to drop.
That is for my BMW, I'm switching to 10w-30 in my Volvos. I had an issue on a cross country trip through the mountains that I think comes from not using the 10w-30 Volvo recommends for mountains.

 

Oh okay. The weird part is that you get so many different reccomendations from volvo when it comes to the manual and the decal etc etc... I ended up going for 0w30 A5 for my S40 T5

 

My V70 came with mystery mix of CHF and ATF so I flushed it with CHF following VolvoSweden's video. I ended up using a 1.3L mix of old CHF 11S and the current CHF 202: Costcomobile now Baby Hauler

As for oil, skip the headache and just run any viscosity that meets BMW LL01, MB-229.3/299.5 or VW 502/505. No need for anything fancy - I happily run Pennzoil Euro LX 0w30 in both my V70, E90 and W204.