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USDCHF: Amplitude space narrowing

2022-10-06
1078
Fundamental analysis:


The USD/CHF remained volatile around 0.98304. Maechler, official of the Swiss Central Bank: We are likely to raise interest rates again. The spread of inflation is the reason why we have tightened monetary policy. In Switzerland, we see more signs of the second round of inflation effect. We will continue to intervene in the foreign exchange market. The real exchange rate of the Swiss franc changed only slightly last year. Inflation will rise again.


USD/CHF USDCHF - 4-hour K line chart shows:




Technical analysis:


The 4-hour chart shows that the bulls' momentum has maintained a wide range of shocks and gradually narrowed, and the short-term bulls still have an upward trend. The MACD index is in a weak position around the 0 axis, and the RSI index is in a weak position near the 50 equilibrium line;


Empty turning point: 0.98169


Pressing: 0.98631, 0.98939


Support: 0.97882, 0.97600


Trading strategy: bullish above 0.98169, target 0.98631, 0.98939


Alternative strategy: bearish at 0.98169, target 0.97882, 0.97600

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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