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Treasuries climb as USD strengthens, USD/CHF extends weakness

2022-06-01
823
Fundamental analysis:
The dollar strengthened across the board on Tuesday as U.S. Treasury yields climbed and fears of a further acceleration in global inflation weighed on investor risk appetite.
USDCHF daily chart:

Technical analysis: The daily moving average is in a short position, the exchange rate fluctuates in a narrow range, the MACD runs below the 0-axis and the volume is slightly under the 0-axis, and the RSI slowly turns its head.
Long-short turning point: 0.9730
Suppression bit: 0.9870 1.0000
Support: 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 opinion 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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