Buy on a level breakthrough of 0.9656 with 0.9706 target. Stop loss = 0.9606.
Reason for the trading strategy
In June, the UBS Switzerland Consumption Indicator rose from 1.62 p. to 1.68 p. However, in May, the index value was revised downwards from 1.73 p. to 1.62. After the revaluation of the franc in January, consumer activity in the country has remained low. However, in the medium term, negative interest rates on bank deposits in Switzerland will help reduce savings and increase spending.