EXNESS - Analytics


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USDCHF: consolidation after the publication of macroeconomic statistics for Switzerland

Sell on a level breakthrough of 0.9296 with 0.9240 target. Stop loss = 0.9346.

Reason for the trading strategy

In April, retail sales in Switzerland rose by 1.6% (y/y), the previous figure was -2.8% (y/y). In May, the aggregate index of producer prices and import prices in Switzerland fell by 0.8% (m/m). Lower prices were recorded for chemical and pharmaceutical products, while crude oil and petroleum products were sold at higher prices. The statistics is multidirectional. The exit of the USD/CHF pair beyond the 0.9296-0.9336 range will signal the opening of its respective positions.



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