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USDCHF: Bulls pull up

2022-12-27
1005
Fundamental analysis:
USD/CHF remained volatile around 0.93384. As the Fed may raise interest rates more than market expectations, the hawkish Fed should support the dollar. The Fed is likely to raise rates more than financial markets expect, and indeed tighten more than many other central banks. Markets are closed on Monday for Christmas.

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



Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is strong and fluctuating, and the short-term bullish sentiment is emerging. The bulls in the market are constantly rising. The MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is oscillating above the 50 balance line;
Long-short turning point: 0.93291
Suppression: 0.93527, 0.93658
Support: 0.93165, 0.93026
Trading strategy: Bullish above 0.93291, target 0.93527, 0.93658
Alternative strategy: bearish below 0.93291, target 0.93165, 0.93026

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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