EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation above the parity level

    Buy on a level breakthrough of 1.0146 with 1.0200 target. Stop loss = 1.0096.

    Reason for the trading strategy

    For quite many days now the USD/CHF currency pair has been consolidating in an area close to parity. At the same time, the franc is losing ground against the euro, and this suits the Swiss regulator. If the ECB eases its monetary policy in March, it may cause a similar reaction from the Central Bank of Switzerland and support the USD/CHF pair.

    USDCHF, H4


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