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USDCHF: Bulls surge up

2022-10-04
1074
Fundamental analysis:


The USD/CHF remained volatile around 0.99192. The monthly rate of Swiss CPI in September was - 0.2%, expected to be 0.2%, and the previous value was 0.30%. It is the largest drop since November 2020.



USD/CHF USDCHF - 4-hour K line chart shows:




Technical analysis:


The 4-hour chart shows that the bulls' momentum has kept surging, and short-term bullish sentiment has emerged. The bulls are about to break through the previous high point. The MACD is in the bulls' area to maintain consolidation, and the RSI index is in the 50 balanced online side to hover;


Empty turning point: 0.99196


Pressing position: 0.99474, 0.99736


Support position: 0.98755, 0.98469


Trading strategy: bullish above 0.99196, target 0.99474, 0.99736


Alternative strategy: bearish at 0.99196, target 0.98755, 0.98469

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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