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USDCHF: low down

2022-12-12
1142
Fundamental analysis:
USD/CHF remains volatile around 0.93333, the Swiss franc's appeal as a "safe haven" may start to wane as many Europe-centric risks (especially around peripheral debt) appear to have peaked, while European data bottomed out, Inflationary pressures in Europe may reverse.

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



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum is weak and fluctuates downward, the short-term decline may continue, the low position remains weak, the MACD indicator is in the short-selling area and slowly moves down, and the RSI indicator is in the short-selling area and remains hovering;
Long-short turning point: 0.93418
Suppression: 0.93589, 0.93745
Support: 0.93151, 0.93011
Trading strategy: bearish below 0.93418, target 0.93151, 0.93011
Alternative strategy: Bullish above 0.93418, target 0.93589, 0.93745

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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