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The tightening policy of the Federal Reserve continues, and the dollar continues to be weak against the Swiss Franc

2022-06-06
998
Fundamental analysis:

Investors are still concerned about the economic data and its impact on the pace of monetary tightening in the United States, as there is growing concern that the restrictive policies of the Federal Reserve may lead to a recession in the world's largest economy. The strong employment report calmed some concerns and cleared the way for the Federal Reserve to remain aggressive.

USDCHF daily chart:


Technical analysis: the daily moving average is arranged in a short position, and the exchange rate rebounds slightly. MACD runs below the 0 axis and the volume can increase slightly under the 0 axis. RSI moves down slowly. It is expected that the short-term exchange rate probability will further decline after the rebound.

Multi empty turning point: 0.9730

Pressing bit: 0.9870 1.0000

Support position: 0.9600 0.9480

Trading strategy: bearish below 0.9730, target 0.9600, 0.9480

Alternative strategy: bullish above 0.9730, target 0.9870, 1.0000


The above analysis is a personal point of view and is for reference only.

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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