USDCHF: The power of bulls is flourishing
2022-09-26
1212
Fundamental analysis:
The dollar rose 1.69% against the Swiss franc this week to 0.9804. The Swiss Central Bank raised the interest rate by 75 basis points as scheduled, and the policy interest rate rose from - 0.25% to 0.50%, ending the 8-year negative interest rate policy. However, the Swiss Central Bank lowered its economic growth forecast.
USDCHF Daily Chart
Technical analysis:
The daily chart shows that the short-term exchange rate has started to accelerate. MACD runs on the 0 axis and the volume can be increased slightly. RSI has risen slightly. 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
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