Economic concerns poured into the safe haven Swiss franc

Fundamental analysis:

The US dollar remained volatile around 0.97585 against the Swiss franc. US bonds and the US dollar both weakened. The US dollar index fell by 1% on the same day, the largest decline of the week. The previous weak US property market data exacerbated concerns about the economic slowdown. Driven by continued inflation and increased geopolitical risks, concerns about global economic growth are also gradually pouring out, which may flow into the Swiss Franc to some extent.

USD CHF USDCHF - 4-hour K-line diagram shows:

Technical comments: the short power continues to go down and down near the brin zone index. After the low reaches the node near 0.96951, it starts to sort out for a short time and move up slowly. The long power shows signs of waiting for the opportunity to enter. The brin zone index shows a closing trend and continues to fluctuate downward. The MACD index is in the short area, the low shock moves up slowly, and the RSI index is in the short area, maintaining the weak shock and moving up;

Long short turning point: 0.97315

Pressing position: 0.98043, 0.98467

Support position: 0.96800, 0.96360

Trading strategy: bullish above 0.97315, target 0.98043, 0.98467

Alternative strategy: bearish below 0.97315, target 0.96800, 0.96360

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