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USDCHF: low pull up

2022-12-13
1141
Fundamental analysis:
USD/CHF remained volatile around 0.93599, as investors prepared for the upcoming release of key U.S. inflation data and the Fed’s decision to raise interest rates. The data will have little impact on the Fed's interest rate decision, but may affect the policy bias of Powell's press conference.


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



Brief technical analysis:
Looking at the 4-hour chart: low-level wide-range shocks pull up, short-term bulls have signs of waiting for opportunities to enter the market, MACD indicator is in the short-term area to consolidate and rise, and RSI indicator is hovering weakly near the 50 balance line;
Long-short turning point: 0.93592
Suppression: 0.93745, 0.93894
Support: 0.93406, 0.93271
Trading strategy: Bullish above 0.93592, target 0.93745, 0.93894
Alternative strategy: bearish below 0.93592, target 0.93406, 0.93271

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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