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there is no suspense about the Fed raising interest rates, and the US dollar rebounded slightly against the Swiss franc

2022-05-26
990
Fundamental analysis:


At the beginning of Asian trading on Thursday (May 26), the US dollar index is now at 102.02; The dollar rose 0.35% on Wednesday, holding most of its earlier gains after the minutes of the Fed's May meeting showed that most participants thought it might be appropriate to raise interest rates by 0.5 percentage points in June and July.

USDCHF daily chart:


Technical analysis: the daily moving average is arranged in a short position, and the exchange rate rebounds slightly after continuing to decline. MACD runs above the 0 axis, but the volume can continue to shrink significantly on the 0 axis, RSI drops rapidly, and it is expected that the short-term exchange rate probability will further decline.

Long short 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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