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USDCHF: continue to buy after backtesting

2022-07-15
1246
Fundamental analysis:


US Treasury yields soared after CPI was higher than expected. Understandably, as the report shows that the Federal Reserve will further tighten monetary policy, the front-end interest rate will take action first. At the meeting in July, the currency swap market showed that the Federal Reserve will raise interest rates by 80 basis points


USD / Swiss Franc USDCHF daily chart



Technical analysis:


Daily chart: the short-term exchange rate rose and fell slightly, but the offensive did not change. MACD operated on the 0 axis, but the volume could continue to shrink slightly. RSI fell slightly. It is expected that the short-term exchange rate probability will further rise after the fall.


Long short turning point: 0.9600


Pressing bit: 0.9800 1.0000


Support position: 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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