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USDCHF: The downside is unusually fast
2022-08-15
1252
Fundamental analysis:
Although the inflation data in July eased consumer pressure, the underlying inflation pressure in the United States is still very high. Federal Reserve officials eased market expectations for a substantial relaxation of its tightening policy, and investors were cautious about expectations for a sharp weakening of the dollar in the market outlook.
USD/CHF USDCHF daily chart
Technical brief:
From the daily chart: the short-term exchange rate rebounded slightly and then weakened again. MACD was running below the 0 axis and continued to increase slightly below the volume and energy 0 axis. RSI continued to weaken, and it is expected that the short-term exchange rate will likely fall further.
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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