EXNESS - Analytics

EXNESS

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USDCHF: growth against the background of falling inflation in Switzerland

Buy on a level breakthrough of 0.9835 with 0.9900 target. Stop loss = 0.9785.

Reason for the trading strategy

In July, the consumer price index in Switzerland fell by 1.3% (y/y) with a forecast of a decline by 1.1% (y/y). The statistics puts pressure on the Swiss exchange rate. The EUR/CHF pair has broken through the significant resistance level of 1,069, and the USD/CHF pair broke through the level of 0,982 level. Today, at the time of publication of the weekly report on the US labor market, growth of the USD/CHF pair may increase.

USDCHF, Daily

USDCHF

 



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