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USDCHF: low shock down

2022-08-12
1269
Fundamental analysis:


The USD / Swiss Franc fluctuated around 0.94076, and the cooling rate of US inflation was much faster than expected by experts. This indicates that a series of sharp interest rate increases by the Federal Reserve are easing price pressure.


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




Technical analysis:


According to the 4-hour chart, the short power continues to fluctuate downward, the low level is adjusted in a narrow range, and there is a trend of continuous downward movement in the short term. The MACD index remains weak in the short area, and the RSI index is adjusted below the 50 equilibrium line in the short area;


Long and short turning point: 0.94201


Pressing position: 0.94427, 0.94664


Support position: 0.93803, 0.93643


Trading strategy: bearish below 0.94201, target 0.93803, 0.93643


Alternative strategy: bullish above 0.94201, target 0.94427, 0.94664

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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