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USDCHF: Bears on the downside
2023-02-21
971
Fundamental analysis:
USD/CHF remained volatile around 0.92311, and the Fed's next move may be to raise interest rates by 50 basis points. Central banks may not be able to stop there. That means higher interest rates last longer. Inflation will be stickier than many expect.
US dollar Swiss franc USDCHF - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum remains volatile and downward, the short-term decline has not stopped, the market bearish sentiment emerges, and the short-term decline may continue. ;
Long-short turning point: 0.92413
Suppression: 0.92543, 0.92679
Support: 0.92147, 0.91975
Trading strategy: bearish below 0.92413, target 0.92147, 0.91975
Alternative strategy: Bullish above 0.92413, target 0.92543, 0.92679
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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