EXNESS - Analytics

    EXNESS

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    USDCHF: under pressure before the publication of the import prices in the US

    Sell on a level breakthrough of 1.0016 with 0.9966 target. Stop loss = 1.0066.

    Reason for the trading strategy

    The unemployment rate in Switzerland did not change being 3.4% in October 2015. The statistics is neutral for the franc. As part of the ongoing adjustment, the USD/CHF pair may drop to the support level of 0.9966 in the short term. Today, the publication on the import prices in the US, which may be reduced by 0.1% (m/m) in October, is likely to put pressure on the pair.

    USDCHF, H1

    USDCHF


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