US Federal Reserve raises interest rate by 75bps

Fundamental analysis:

The US dollar remained volatile against the Swiss Franc at around 0.99400. The Federal Reserve raised its benchmark interest rate by 75 basis points to the range of 1.50%-1.75%, the largest increase since 1994.

USD CHF USDCHF - 4-hour K-line chart display:

Technical comments: the middle and upper rail section of the Bollinger belt index channel continued to rise in shock, the high level reached the Bollinger belt index, the node near the upper rail 1.00484 was blocked and retreated, and there were signs of continuing to fall below the middle rail. The Bollinger belt index continued to close, the MACD index was at the high level in the bull region and maintained consolidation and retreat, and the RSI index was at the high level in the bull region and maintained shock and retreat,

Multi empty turning point: 0.99571

Pressing position: 0.99926, 1.00241

Support position: 0.99033, 0.98688

Trading strategy: bearish below 0.99571, target 0.99033, 0.98688

Alternative strategy: bullish above 0.99571, target 0.99926, 1.00241

The above analysis is a personal point of view and is for reference only.