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Meirui: weak downside

2022-06-28

1319

USDCHF

Fundamental analysis:

USD / CHF remained volatile around 0.95534, and investors still underestimated the recession risk by pricing the federal funds rate in 2024. The high inflation risk complicates the impact of recession concerns on the slope of the yield curve.

USD CHF USDCHF - 4-hour K-line chart display:

Technical analysis:

According to the 4-hour chart, the short power continues, the middle and lower tracks of the Bollinger belt index continue to vibrate downward, the Bollinger belt index continues to show a closing trend, and the short-term decline may continue. The MACD index remains weak in the short area, and the RSI index is hovering below the 50 equilibrium line;

Multi empty turning point: 0.95713

Pressing position: 0.95968, 0.96296

Support position: 0.95300, 0.95089

Trading strategy: bearish below 0.95713, target 0.95300, 0.95089

Alternative strategy: bullish above 0.95713, target 0.95968, 0.96296

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Meirui: weak downside

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