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USDCHF: high level oscillation moves up

2022-08-31
1068
Fundamental analysis:


The USD / Swiss Franc fluctuated around 0.97254, and the KOF economic leading index of Switzerland recorded 86.5 in August, the lowest since July 2020.


USD Swiss Franc USDCHF - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the Bulls maintained the upward trend of narrow range consolidation, the short-term bullish sentiment was shrouded, the market bulls continued to ferment, the MACD index moved slowly upward in the Bulls area, and the RSI index maintained the consolidation in the Bulls area;


Long and short turning point: 0.97097


Pressing position: 0.97491, 0.97751


Support position: 0.96807, 0.96532


Trading strategy: bullish above 0.97097, target 0.97491, 0.97751


Alternative strategy: bearish below 0.97097, target 0.96807, 0.96532

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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