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USDCHF: There is still kinetic energy in uplink

2022-07-11
1265
Fundamental analysis:

 According to data from the US Department of Labor, the number of non -agricultural employment in June increased by 372,200, an expected increase of 268,000, an unemployment rate of 3.6%, an expected 3.6%, a salary growth rate of 5.1%, and an expected 5.0%. On the whole, the unemployment rate is still still. Close to the low point before the epidemic, highlighting the tension of the labor market, which may encourage the Federal Reserve to raise interest rates 75 basis points later this month.

US dollar daily map of USDCHF


Technical analysis:

Looking at the daily map: The short -term exchange rate continues to attack steadily. The MACD runs under the 0 axis, but the amount can continue to shrink slightly. The RSI rises slightly. It is expected that the short -term exchange rate will be further up.

Multi -time turning point: 0.9600

Suppression bit: 0.9800 1.0000

Support bit: 0.9400 0.9200

Trading strategy: Barrow above 0.9600, target 0.9800, 1.0000

Alternative strategy: 0.9600, go below, target 0.9400, 0.9200

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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