Macro theme:
- Swiss inflation unexpectedly slowed to 0.6% in Oct—the lowest in over three years—raising expectations that the SNB may opt for a more significant 0.5% rate cut in Dec to keep inflation within its 0-2% target range.
- Meanwhile, the Federal Reserve cut interest rates by 0.25% but issued a slightly more hawkish statement.
Technical theme:
- USDCHF broke the descending channel after testing both EMAs, which just golden crossed each other, indicating a bullish momentum exists.
- USDCHF may retest the broken descending trendline, confluence with the support level around 0.8693-0.8700 before resuming its upward movement to retest 0.8825.
- On the contrary, a closing below 08626 may prompt a deeper correction to a nearby support around 0.8550.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- Swiss inflation unexpectedly slowed to 0.6% in Oct—the lowest in over three years—raising expectations that the SNB may opt for a more significant 0.5% rate cut in Dec to keep inflation within its 0-2% target range.
- Meanwhile, the Federal Reserve cut interest rates by 0.25% but issued a slightly more hawkish statement.
Technical theme:
- USDCHF broke the descending channel after testing both EMAs, which just golden crossed each other, indicating a bullish momentum exists.
- USDCHF may retest the broken descending trendline, confluence with the support level around 0.8693-0.8700 before resuming its upward movement to retest 0.8825.
- On the contrary, a closing below 08626 may prompt a deeper correction to a nearby support around 0.8550.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.