The US dollar/Swiss franc remained volatile at around 0.98553, and the inflation rate was far higher than the target. The Federal Reserve is tightening its policy on a large scale; Moreover, as far as the domestic and international geopolitical situation of the United States is concerned, we live in an extremely uncertain world, so we still believe that the probability of the American economy entering recession in the next 12 months is 35%.
USD/CHF USDCHF - 4-hour K line chart shows:
The 4-hour chart shows that after the sharp fall of short selling power, the low level ladder declines, and the short-term decline may continue. The market short position is good. The MACD indicator is in the low position of short positions, and the RSI indicator is in the low position of short positions;
Empty turning point: 0.98678
Pressing: 0.98897, 0.99099
Support: 0.98358, 0.98160
Trading strategy: bearish at 0.98678, target 0.98358, 0.98160
Alternative strategy: bullish above 0.98678, target 0.98897, 0.99099