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    USDCHF: growth before the publication of macroeconomic statistics in the US

    Buy on a level breakthrough of 0.9426 with 0.9542 target. Stop loss = 0.9370.

    Reason for the trading strategy

    Today, the ADP business activity index in the US manufacturing sector and the number of new jobs created in the private sector will be published. The improving US macroeconomic statistics requires the US Federal Reserve to raise the federal funds rate to 0.5%-0.75% by the end of 2015.


    USDCHF, Daily


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