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USDCHF: Bears fall

2022-12-30
1046
Fundamental analysis:
USD/CHF remained volatile around 0.92321, and market participants will pay close attention to the monetary policy stance of major central bankers. The trend of the US dollar index and yields will also be watched by the market. In addition to geopolitical tensions and inflation concerns, market participants will carry the burden of slowing global growth into 2023.

US dollar Swiss franc USDCHF - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen at a low level, and the short-term maintains a low level of volatility. The market is shrouded in bearish sentiment, and there is a further downward trend. The MACD indicator is in the bearish area and slowly descending, and the RSI indicator is in the bearish area.
Long-short turning point: 0.92381
Suppression: 0.92514, 0.92647
Support: 0.92190, 0.92082
Trading strategy: bearish below 0.92381, target 0.92190, 0.92082
Alternative strategy: Bullish above 0.92381, target 0.92514, 0.92647

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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