EXNESS - Analytics

EXNESS

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USDCHF: consolidation near the yearly high

Sell on a level breakthrough of 1.0016 with 0.9966 target. Stop loss = 1.0066.

Reason for the trading strategy

After the USD/CHF pair retested its yearly high, market participants record a profit on it again. Against the background of a lack of any significant macroeconomic statistics on the US and Switzerland today, market participants might try to play on the fall in the value of the US dollar.

USDCHF, H1

USDCHF



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