Swiss franc (8month27Solstice8month31day)

The Swiss Central Bank stated in a research report that while its monetary policy remains firmly focused on long-term price stability, it also provides flexibility in responding to short-term trends in financial markets. This report is compiled by two central bank monetary policy makers The directors of the policy committee, Hildebrand and Jordan, wrote that the text did not address the current policy stance of the central bank or the recent turmoil in the financial markets, but stated that the Swiss central bank has room for flexibility in responding to shocks. Report presentation By announcing a range of three month interest rates instead of an overnight interest rate target, the Swiss Central Bank has more room to flexibly respond to exchange rate fluctuations or sudden changes in liquidity without implying an immediate shift in its basic policy stance.

With the initial consolidation of the financial market, some investors are starting to establish carry trading positions again. It is expected that the Swiss franc will still be in a relatively repetitive state, even limited to the current range and slightly inclined to decline, namely 1.1800to1.2200. Investors are cautious about risks as the commercial paper market remains tense amidst the current market turmoil. Expected support in the near future is50Balance moving average1.21The key support is 250Balance moving average1.2270Horizontal. At present, the resistance can be seen in the near future1.1900/1.1950Area, it is estimated that there is already a certain amount of backflow pressure in this area. It is recommended to choose this area as the selling location, while the profit target is1.22Near the horizontal.

(Analysis provided by Zongheng Huihai Research Department | www.MW801.com)