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USDCHF: multi head oscillation moving up

2022-09-02
1067
Fundamental analysis:


The USD / CHF remained volatile around 0.98090. Deputy governor of the Swedish central bank: the policy interest rate path from June indicates that the interest rate will rise to more than 2% in early 2023; The possibility of raising interest rates by 50 basis points or 75 basis points at the September meeting is not ruled out.



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




Technical analysis:


According to the 4-hour chart, the Bulls' power keeps shaking and pulling up, and the short-term highs continue to move upward. The MACD index is in the high consolidation of the Bulls' region, and the RSI index is in the consolidation and translation of the Bulls' region;


Long and short turning point: 0.97899


Pressing position: 0.98319, 0.98570


Support position: 0.97631, 0.97388


Trading strategy: bullish above 0.97899, target 0.98319, 0.98570


Alternative strategy: bearish below 0.97899, target 0.97631, 0.97388

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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