Fundamental analysis:
The dollar remained volatile around 0.95377 against the Swiss franc, and the overnight cash held by the Swiss Central Bank fell by the largest in more than 10 years, indicating that the central bank's action to weaken the Swiss franc and buy foreign exchange has ended, and if the Swiss Franc depreciates, it is also possible for the Swiss central bank to sell foreign currencies and buy the Swiss franc.
USD CHF USDCHF - 4-hour K-line chart display:
Technical analysis:
According to the 4-hour chart: the short power continues, the lower track section of the Bollinger belt index channel continues to vibrate downward, the low narrow range consolidation and translation, the Bollinger belt index moves downward, and then the low level begins to close, the MACD index remains weak in the short area, hovers upward, and the RSI index is in the narrow range consolidation below the 50 equilibrium line;
Multi empty turning point: 0.95713
Pressing position: 0.95968, 0.96296
Support position: 0.95089, 0.94840
Trading strategy: bearish below 0.95713, target 0.95089, 0.94840
Alternative strategy: bullish above 0.95713, target 0.95968, 0.96296