EXNESS - Analytics

EXNESS

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USDCHF: consolidation in the range of 1.0179-1.0255

Buy on a level breakthrough of 1.0255 with 1.0317 target. Stop loss = 1.0205.

Reason for the trading strategy

Yesterday, J. Yellen, the head of the US Federal Reserve, claimed that by maintaining the federal funds rate at the current level for a long time, we provoke unjustified risky investment behavior, thus, jeopardizing financial stability. Many market participants interpreted her statement as a signal to a rapid increase in US key interest rates.

USDCHF, H1

USDCHF



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