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Usdchf:0.9600 support dilapidated

2022-07-28
1132
Fundamental analysis:


The Federal Reserve raised interest rates by 75 basis points as widely expected, and the comments of Federal Reserve Chairman Powell stimulated people's hope of slowing down the path of interest rate hike. The dollar initially rose after the Fed issued a statement, but soon reversed its direction


USD / Swiss Franc USDCHF daily chart



Technical analysis:


According to the daily chart, the short-term exchange rate continued to fall and broke through the long and short turning area. MACD operates near the 0 axis, but the volume can continue to shrink slightly. RSI continued to fall, and it is expected that the short-term exchange rate will fall further.


Long short turning point: 0.9600


Pressing bit: 0.9800 1.0000


Support position: 0.9400 0.9200


Trading strategy: bearish below 0.9600, target 0.9400, 0.9200


Alternative strategy: bullish above 0.9600, 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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