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USDCHF: Backtesting continues to buy

2022-07-14
1282
Fundamental analysis:

U.S. Treasury yields surged after CPI beat expectations. It is understandable that front-end rates act first as reports suggest the Fed will tighten monetary policy further, and at the July meeting, the currency swap market indicated that the Fed would raise rates by 80 basis points

USD/CHF  daily chart


A brief technical analysis:

From the daily chart: the short-term exchange rate fell slightly but the offensive did not change, the MACD was running below the 0 axis but the volume could continue to shrink slightly, and the RSI fell slightly.

Long and short turning point: 0.9600

Suppression bit: 0.9800 1.0000

Support level: 0.9400 0.9200

Trading strategy: bullish above 0.9600, target 0.9800, 1.0000

Alternative strategy: bearish below 0.9600, 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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