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USDCHF: Continue to go down smoothly

2022-08-02
1304
Fundamental analysis:

The US dollar index fell slightly, and currently trades around 105.35. Data show that the slowing degree of manufacturing activities in the United States in July was lower than expected, the US dollar index fluctuated. However, the focus of investors' attention this week will be the US non -agricultural report released on August 5 in August 5.

US dollar daily map of USDCHF


Technical analysis:

Seeing the daily chart: The short -term exchange rate continues to decline, the MACD runs near the axis of 0, but the amount can continue to measure the amount of 0 under the axis, and the RSI continues to fall. It is expected that the short -term exchange rate will be further declined.

Multi -time turning point: 0.9600

Suppression bit: 0.9800 1.0000

Support bit: 0.9400 0.9200

Trading strategy: 0.9600 to see the drop, target 0.9400, 0.9200

Alternative strategy: 0.9600 to see the bullish, target 0.9800, 1.0000

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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