EXNESS - Analytics

    EXNESS

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    USDCHF: under pressure against the background of rising trade balance in Switzerland

    Buy on rebound from the level of 0.9585 with 0.9648 target. Stop loss = 0.9535.

    Reason for the trading strategy

    In June, the Swiss trade balance grew from 3.41 billion to 3.58 billion Swiss francs, and was better than the expected 2.54 billion francs. Growth of this indicator, included in the structure of the country's GDP, will provide support for the franc.

     

    USDCHF, H1

    USDCHF


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