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    USDCHF: consolidation before the publication of data on the industrial production in the US

    Sell on a level breakthrough of 0.9474 with 0.9400 target. Stop loss = 0.9524.

    Reason for the trading strategy

    Yesterday's macroeconomic statistics on the number of jobless claims and inflation in the US was better than expected, allowing the USD/CHF pair to adjust from the level of 0.9474. However, expectations of a decline in the volume of the US industrial production in September can bring the pair into the range of 0,9400-0,9474.

    USDCHF, H4


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