USDCHF: low volatility

The U.S. dollar against the Swiss franc remained volatile around 0.91414. After the Swiss federal government provides guarantees for the Swiss National Bank, it will have an annual income of 250 million Swiss francs, or 0.25% of 100 billion Swiss francs. In addition, when UBS was rescued in 2008, the Swiss National Bank made a profit of 3.4 billion Swiss francs; according to the Swiss Federal Council, the Swiss government also received a return of 1.2 billion Swiss francs.

US dollar Swiss franc USDCHF - 4-hour K-line chart shows:

Looking at the 4-hour chart: In the short term, the market will maintain a low level and a wide range of fluctuations. The market as a whole is still in a weak position, but the downward momentum shows signs of weakening. The MACD indicator is hovering below the 0 axis, and the RSI indicator is finishing below the 50 balance line;

Resistance levels: 0.91535 0.91636

Support levels: 0.91190 0.91087

Trading strategy: Bullish above 0.91332, target 0.91535 0.91636

Alternative strategy: bearish below 0.91332, target 0.91190 0.91087