USDCHF: Low level sorting

Fundamental analysis:

The US dollar remained volatile against the Swiss franc at 0.94475. The Federal Reserve's radical hawkish loosening expectation led to the soaring gold price in the last two weeks. However, to continue to rise, new catalysts must be found. Uncertainties may exist, such as a more radical and direct escalation of the situation in Ukraine. The market is trying to assess the risk of the Polish missile incident and determine whether it will lead to an escalation of tensions or ease them in the next few days.

USD/CHF USDCHF - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that after the momentum of short positions plummeted, the low position narrow range was reorganized, the overall market was weak and hovered, with short-term or tangled low position shocks. The MACD index moved up in the low position shocks in the short position region, and the RSI index continued to rise in the short position region;

Empty turning point: 0.94258

Pressing: 0.94,961, 0.95,386

Support: 0.93,774, 0.93,291

Trading strategy: bullish above 0.94258, target 0.94961, 0.95386

Alternative strategy: bearish at 0.94258, target 0.93774, 0.93291