EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation before the publication of macroeconomic statistics in the US

    Sell on a level breakthrough of 0.9850 with 0.9800 target. Stop loss = 0.9900.

    Reason for the trading strategy

    After a 0.6% (m/m) decline in the Swiss retail sales in August, they rose by 0.2% (m/m) in September. The statistics indicates an increase in consumer spending of Swiss households and supports the franc. At a breakthrough of the 0.985 level, opening short positions for the USD/CHF pair is worth considering

    USDCHF, H1

    USDCHF



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