The USD/Swiss franc remained volatile at around 0.98958. The core PEC price index recorded 4.5, lower than the previous value. The inflation pressure in the United States slowed down, which depressed the expectation of the Federal Reserve to raise interest rates, thus supporting the Swiss franc.
USD/CHF USDCHF - 4-hour K line chart shows:
The 4-hour chart shows that the low bulls' momentum has kept moving up in shock, and short-term bullish sentiment has begun to be shrouded. The MACD indicator is in the short region, and the low position has moved up, while the RSI indicator is in the weak position below the 50 equilibrium line;
Empty turning point: 0.98958
Pressing: 0.99272, 0.99460
Support: 0.98770, 0.98565
Trading strategy: bullish above 0.98958, target 0.99272, 0.99460
Alternative strategy: bearish at 0.98958, target 0.98770, 0.98565