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USDCHF: Slightly rebounded after the fall

2022-08-16
1201
Fundamental analysis:

Weak growth prospects in Europe will prevent spreads from tightening further this year. Complacency was present across the European bond market, and investors were advised to hold investment-grade bonds and more cash.

USD/CHF USDCHF daily chart


Technical brief:

From the daily chart: the short-term exchange rate rebounded slightly, the MACD ran below the 0 axis and continued to shrink slightly below the volume and energy 0 axis, and the RSI rebounded slightly.

Long and short turning point: 0.9600

Suppression bit: 0.9800 1.0000

Support level: 0.9400 0.9200

Trading strategy: bearish below 0.9600, target 0.9400, 0.9200

Alternative strategy: bullish above 0.9600, target 0.9800, 1.0000

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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