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USDCHF: Focus on the upattack height

2022-10-30
1194

Fundamental analysis:

In the week of October 28, the dollar index fell back to adjust the shock, the Federal Reserve to slow the pace of rate hikes to the dollar downward pressure. But risk-off factors such as geopolitics have supported the dollar.

Daily chart of USD/CHF USDCHF

Technical analysis:

Daily chart: the short-term exchange rate continues to rise, MACD on the 0 axis and the volume can continue to shrink, RSI rebound slightly, it is expected that the short-term exchange rate will be a large probability of further upward.

Long-short turning point: 0.9800

Pressure position: 1.0000 1.0200

Support level: 0.9600 0.9400

Trading strategy: Bullish above 0.9800, targets 1.0000, 1.0200

Alternative strategy: Bearish below 0.9800, target 0.9600, 0.9400


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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