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USDCHF: Bulls move up

2022-12-23
1135
Fundamental analysis:
USD/CHF remained oscillating around 0.93116. As inflation continues to remain high, this may be an excellent time to increase the allocation of Swiss francs. Over time, analysts say the Swiss franc has been a good hedge against inflation.

US dollar Swiss franc USDCHF - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls has risen rapidly, short-term bullish sentiment has emerged, the bulls in the market continue to pull up, the MACD indicator is in the bearish area and moves up to the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;
Long-short turning point: 0.93033
Suppression: 0.93261, 0.93400
Support: 0.92885, 0.92733
Trading strategy: Bullish above 0.93033, target 0.93261, 0.93400
Alternative strategy: bearish below 0.93033, target 0.92885, 0.92733

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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