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USDCHF: low down

2022-12-15
1084
Fundamental analysis:

The USD/CHF remained volatile around 0.92395. The annual rate of the Swiss producer/import price index in November was 3.8%, compared with the previous value of 4.90%.



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



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum maintains shocks and continues to move downwards, the short-term decline may continue, the market as a whole is in a bearish downward trend, the MACD indicator is in the bearish area and the shocks are maintained downward, and the RSI indicator is in the bearish area.
Long-short turning point: 0.92510
Suppression: 0.92732, 0.92960
Support: 0.92183, 0.91986
Trading strategy: bearish below 0.92510, target 0.92183, 0.91986
Alternative strategy: Bullish above 0.92510, target 0.92732, 0.92960

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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