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USDCHF: Bulls pull up

2023-01-23
465
Fundamental analysis:

USD/CHF remained volatile around 0.92039, Swiss National Bank President Jordan: Expansionary monetary policy will cause inflation. Monetary policy is currently too expansionary. The monetary policies of central banks around the world are too expansionary. Inflation is too high. With inflation so high, it is absolutely imperative for central banks to focus on price stability.

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



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum has risen rapidly, and the short-term bullish momentum has continued to move upward. The bullish sentiment in the market has begun to emerge. The MACD indicator is in the short area and moves upward, and the RSI indicator is hovering weakly near the 50 balance line;

Long-short turning point: 0.91972

Suppression: 0.92213, 0.92403
Support: 0.91782, 0.91541

Trading strategy: Bullish above 0.91972, target 0.92213, 0.92403
Alternative strategy: bearish below 0.91972, target 0.91782, 0.91541

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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