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USDCHF: Bulls pause for now

2022-09-28
1273
Fundamental analysis:

Beijing time on Wednesday (September 28) in early Asian trading, the US dollar index traded around 114.19; the US dollar made little progress in volatile trading on Tuesday, and saw a tug-of-war, falling from the strongest level in 20 years, despite the Fed's decision Appetite for riskier assets remains weak amid talk of further rate hikes

USD/CHF USDCHF daily chart


A brief technical analysis:

From the daily chart: the short-term exchange rate is high and wide, the MACD is running on the 0 axis and the volume can continue to increase slightly, and the RSI is slightly weaker.

Long and short turning point: 0.9600

Suppression bit: 0.9800 1.0000

Support level: 0.9400 0.9200

Trading strategy: bullish above 0.9600, target 0.9800, 1.0000

Alternative strategy: bearish below 0.9600, target 0.9400, 0.9200

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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