USDCHF: low volatility

USD/CHF remained volatile around 0.91548. Swiss National Bank President Jordan: It is possible to implement some tightening measures. Interest rates in Switzerland remain low. Headline inflation will soon come down. We have to focus on core inflation. We adjust the policy every quarter. Now is not the time to talk about loosening monetary policy. Inflation in Switzerland is much more widespread at the moment. Given current inflation, the Swiss franc isn't really an issue. If the Swiss franc gets too strong, there will be no hesitation in taking action.

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

Looking at the 4-hour chart: the short-term lows are fluctuating within a narrow range, the market’s bearish sentiment has weakened at a low level, and the bulls’ momentum has signs of waiting for an opportunity to enter the market. The MACD indicator is finishing at a low level in the short-selling area, and the RSI indicator is hovering weakly below the 50 balance line;

Long-short turning point: 0.91616

Suppression: 0.91806, 0.92001

Support: 0.91357, 0.91162

Trading strategy: bearish below 0.91616, target 0.91357, 0.91162

Alternative strategy: Bullish above 0.91616, target 0.91806, 0.92001