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USDCHF: low move up

2023-01-11
1012
Fundamental analysis:
USD/CHF remained volatile around 0.92256. The market is paying attention to the possible unexpected decline in the US CPI to support the less hawkish Fed rate hike expectations. The risk of a more persistent US inflation situation is still high. The Fed believes this is correct and will Interest rates had to be kept higher for a longer period of time.

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



Brief technical analysis:
Looking at the 4-hour chart: the low-level bullish momentum moves up within a narrow range, the market bullish sentiment has signs of waiting for an opportunity to enter the market, the MACD indicator is in the short zone, and the RSI indicator is in the short zone and is weak and slowly rising;
Long-short turning point: 0.92181
Suppression: 0.92453, 0.92649
Support: 0.92011, 0.91846
Trading strategy: Bullish above 0.92181, target 0.92453, 0.92649
Alternative strategy: bearish below 0.92181, target 0.92011, 0.91846

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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