EXNESS - Analytics

    EXNESS

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    USDCHF: growth against the background of falling retail sales in the US

    Buy on a level breakthrough of 0.9567 with 0.9677 target. Stop loss = 0.9517.

    Reason for the trading strategy

    In May, retail sales in Switzerland declined by 1.8% (y/y) with a forecast of 1.9% (y/y). The data reflects a reduction in consumer spending of Swiss households, which forms a significant part of the country's GDP.

     

    USDCHF, H4

    USDCHF


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