The USD/Swiss franc remained volatile around 0.96369, and investors raised their expectations on how much the Federal Reserve might eventually push the policy interest rate up at the beginning of 2023. But there is growing concern that the economy may fall into recession, prompting policymakers to cut interest rates next year.
USD/CHF USDCHF - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' momentum has kept moving up slowly, the bulls' momentum has begun to sort out, the short-term bullish sentiment remains unchanged, the market bears are waiting for opportunities to enter, but the bulls' pull trend is good, the MACD index hovers under the axis 0, and the RSI index is in the weak consolidation near the 50 equilibrium line;
Empty turning point: 0.96190
Pressing position: 0.96689, 0.96983
Support position: 0.95881, 0.95631
Trading strategy: bearish at 0.96190, target 0.95881, 0.95631
Alternative strategy: bullish above 0.96190, target 0.96689, 0.96983