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USDCHF: Move down rapidly

Fundamental analysis:

The USD/CHF remained volatile around 0.96333. Maechler, an official of the Swiss Central Bank, said that the inflation rate in Switzerland is still very high. The interest rate swap market lowered the expectation that the Federal Reserve would raise interest rates by 75 basis points in December.

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

Technical analysis:

The 4-hour chart shows that the momentum of short positions has declined rapidly, and the short-term decline has not stopped. The market's short positions are shrouded in sentiment. The MACD index is in the low position of short positions, and the RSI index is in the low position of short positions;

Empty turning point: 0.96515

Pressing: 0.96850, 0.97186

Support: 0.95993, 0.95640

Trading strategy: bearish at 0.96515, target 0.95993, 0.95640

Alternative strategy: bullish above 0.96515, target 0.96850, 0.97186

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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