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USDCHF: The upward momentum is rapid
2022-10-17
1069
Fundamental analysis:
The US dollar index was reorganized after shocks, and the US index temporarily adjusted after continuous gains. Many favorable factors still support the future prospects of the US index.
USDCHF Daily Chart
Technical analysis:
The daily chart shows that the short-term exchange rate continues to rise, the MACD runs on the 0 axis and the volume can continue to increase slightly, and the RSI continues to rise slightly. It is expected that the short-term exchange rate will further rise.
Empty turning point: 0.9800
Pressing position: 1.0000 1.0200
Support position: 0.9600 0.9400
Trading strategy: bullish above 0.9800, target 1.0000, 1.0200
Alternative strategy: bearish below 0.9800, target 0.9600, 0.9400
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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