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USDCHF: bulls keep surging

2022-08-18
1216
Fundamental analysis:


The USD / Swiss Franc fluctuated around 0.95152. The staff of the Federal Reserve discussed the difference between the yield of the money market and the yield of bank deposits. They pointed out that the yield of the money fund was "much higher" than the bank interest rate, which would attract funds to flow into the money market.



USD Swiss Franc USDCHF - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the low-level Bulls' power maintains the shock pull-up, the short-term bullish sentiment may continue, the market bulls' pull-up trend may continue, the MACD index hovers in the Bulls' area on the upper side of the 0 axis, and the RSI index is in the narrow range of the 50 balanced Online side;


Long and short turning point: 0.95009


Pressing position: 0.95367, 0.95603


Support position: 0.94812, 0.94609


Trading strategy: bullish above 0.95009, target 0.95367, 0.95603


Alternative strategy: bearish below 0.95009, target 0.94812, 0.94609

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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