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USDCHF: The low is slowly moving up
2022-11-28
1107
Fundamental analysis:
USD/CHF remained volatile around 0.94445, given the difference in forecasts before and after the latest US inflation data was released, uncertainty remains about the Fed's December policy meeting, which makes the CHF extra sensitive to the upcoming data, and the market hopes for further confidence in the current rate hike Expectations are well anchored.
USDCHF USDCHF - 4-hour K-line chart shows:
A brief technical analysis:
Looking at the 4-hour chart: the low-level bulls are slowly entering the market and moving upwards. The short-term resistance and shocks are encountered. The market bulls trend is good.
Long and short turning point: 0.94408
Suppression: 0.94860, 0.95254
Support: 0.93818, 0.93459
Trading strategy: bullish above 0.94408, target 0.94860, 0.95254
Alternative strategy: bearish below 0.94408, target 0.93818, 0.93459
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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