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USDCHF: Falling low

2023-01-10
1062
Fundamental analysis:

USD/CHF remained volatile around 0.92169. The unemployment rate in Switzerland was 2.1% in December, which was not seasonally adjusted. It was expected to be 2.00% and the previous value was 2.00%.


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



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fall and then fluctuates, short-term bearish sentiment is shrouded, the market's short-term sentiment remains, the MACD indicator is in the short-term area and the RSI indicator is hovering in the short-term area;
Long-short turning point: 0.92292
Suppression: 0.92475, 0.92649
Support: 0.91962, 0.91774
Trading strategy: bearish below 0.92292, target 0.91962, 0.91774
Alternative strategy: Bullish above 0.92292, target 0.92475, 0.92649

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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