EXNESS - Analytics

    EXNESS

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    USDCHF: under pressure before the publication of the US Federal Reserve's minutes

    Buy on a level breakthrough of 0.9514 with 0.9565 target. Stop loss = 0.9464.

    Reason for the trading strategy

    The Greek debt problems contribute to the strengthening of the US dollar in the international currency market. Meanwhile, today, the publication of the minutes of the previous Federal Reserve meeting could put pressure on the USD/CHF pair. Opening long positions in the pair should be considered above the 0.9514 resistance level.

     

    USDCHF, H4

    USDCHF


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