EXNESS - Analytics

    EXNESS

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    USDCHF: growth against the background of the US dollar strengthening

    Buy on a level breakthrough of 1.0260 with 1.0310 target. Stop loss = 1.0210.

    Reason for the trading strategy

    The series of macroeconomic data published in the US yesterday were either in line with the forecasts, or even exceeded them. This has contributed to strengthening of expectations that the US Federal Reserve will raise its base interest rate by 25 bps in December. Against this background, demand for the world's reserve currency has increased supporting the USD/CHF pair.

    USDCHF, H1

    USDCHF


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