EXNESS - Analytics

EXNESS

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USDCHF: growth against the background of a declining business activity index in Switzerland manufacturing sector

Buy on a level breakthrough of 0.9711 with 0.9761 target. Stop loss = 0.9661.

Reason for the trading strategy

In July, the SVME business activity index in Switzerland' manufacturing sector fell from 50 p. to 48.7 p. This fall below 50 p. signals lower production in the country and puts pressure on the franc.

USDCHF, H4

USDCHF



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