Radical interest rate hikes were basically ruled out, and the US dollar continued to decline against the Swiss franc

Fundamental analysis:

According to CME's "fed observation": the probability of the Fed raising interest rates by 25 basis points in June is 0%, the probability of raising interest rates by 50 basis points is 88.4%, and the probability of raising interest rates by 75 basis points is 11.6%; By July, the probability of cumulative interest rate increase of 25, 50 and 75 basis points is 0%, the probability of cumulative interest rate increase of 100 basis points is 82.9%, the probability of cumulative interest rate increase of 125 basis points is 16.4%, and the probability of cumulative interest rate increase of 150 basis points is 0.7%

USDCHF daily chart:

Technical analysis: the daily moving average has turned significantly, the exchange rate continues to decline, MACD runs above the 0 axis, but the volume can continue to shrink significantly on the 0 axis, RSI drops rapidly, and it is expected that the short-term exchange rate probability will further decline.

Long short turning point: 0.9730

Pressing bit: 0.9870 1.0000

Support position: 0.9600 0.9480

Trading strategy: bearish below 0.9730, target 0.9600, 0.9480

Alternative strategy: bullish above 0.9730, target 0.9870, 1.0000

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