EXNESS - Analytics

EXNESS

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USDCHF: consolidation below the level of 0.9977

Buy on a level breakthrough of 0.9977 with 1.0050 target. Stop loss = 0.9927.

Reason for the trading strategy

Last week, the number of initial jobless claims in the US rose from 260 thousand to 276 thousand. Despite the weak US statistics, the USD/CHF pair continued to consolidate around the 0.9977 level, breakthrough of which will serve as a signal for opening long positions in the pair.

USDCHF, H4

USDCHF



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