Buy on a level breakthrough of 0.9711 with 0.9761 target. Stop loss = 0.9661.
Reason for the trading strategy
In July, the KOF Swiss economic barometer rose from 89.8 p. to 99.8 p. In spite of the positive statistics, the USD/CHF pair continued to grow. Market participants are buying the world's reserve currency, since they accept an increase in the key interest rate in the United States in September. However, we predict its growth only in December 2015. In June, inflation in the US was 0.1% (y/y), which was significantly lower than the 2% (y/y) targeted by the US Federal Reserve. The recent decline in oil prices will put pressure on future inflation rates in the United States.