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USDCHF: The bulls continue to attack

2022-09-27
1117
Fundamental analysis:


Collins, chairman of the Federal Reserve Bank of Boston, said in his first public speech on Monday that the Federal Reserve needs to reduce unacceptable high inflation, which will lead to rising unemployment, but economic recession is not inevitable.


USDCHF Daily Chart



Technical analysis:


The daily chart shows that the short-term exchange rate continues to accelerate, the MACD runs on the 0 axis and the volume can be slightly increased, and the RSI is slightly higher. It is expected that the short-term exchange rate will further rise.


Empty turning point: 0.9600


Pressing position: 0.9800 1.0000


Support position: 0.9400 0.9200


Trading strategy: bullish above 0.9600, target 0.9800, 1.0000


Alternative strategy: bearish below 0.9600, target 0.9400, 0.9200

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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