EXNESS - Analytics

EXNESS

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USDCHF: consolidation below the 0.9243 resistance level

Buy on a level breakthrough of 0.9243 with 0.9300 target. Stop loss = 0.9190.

Reason for the trading strategy

The renewed growth of the US dollar against the euro is pushing up the USD/CHF pair. Yesterday, the key interest rate in Switzerland remained unchanged amounting to -0.75%. A likely expansion of the yield spread between the key interest rates in the United States and Switzerland in September 2015 will provide medium-term support for the pair.

USDCHF, H1

USDCHF



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