EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation in the range of 1.0120-1.0200

    Sell on a level breakthrough of 1.0120 with 1.0070 target. Stop loss = 1.0170.

    Reason for the trading strategy

    The USD/CHF pair continues to consolidate in the narrow range of 1.0120-1.0200 after the US Federal Reserve meeting.  The probability of increasing the base interest rate in the US remains low in March. Today, the publication of the volume of durable goods orders in the US may put pressure on the pair.        

    USDCHF, H1


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